Savings providers vow to fight any attempt to cut cash Isa limit to £4,000

26 comments

1. Increase taxes and cut savings capabilities. Economic terrorists, parasites.

2. That’d be really shitty.

   I’d put my cash into a QMMF and then consider relocating 

3. Labour can fuck off, people’s savings are not playthings for their use

4. Classic labour. Never helping anyone who has anything at all already.

5. Does she not realise it would be inflationary?

   Oh right she’d need to be familiar with economics.

6. Labour have already lost my vote for 2029. I lent Labour my vote to guarantee to get the Tories out but it’s been abused.

   Do I regret the vote? No. The Tories needed to get fucked by any and all means possible.

   Are things better under Labour right now? Yes, but the bar was on the floor.

   Who will I vote for next? I don’t have a fucking clue.

7. Labour policy in a nutshell.

   If you’ve ever made sensible decisions in your life and tried to save some money, we will take it and give it to those who haven’t

8. I just want to bang my head against the table and scream at them.  We’re not failing to invest because we’re bunging all our money into a cash ISA.  We’re failing to invest because NOBODY HAS ANY DAMN MONEY

9. Has an actual policy been announced, or are people just panicking for the sake of it and/or to criticise Labour?

10. Disgusting policy to increase tax if it happens. Majority of people don’t put in £20k I understand but £4K is such a stark cut, unnecessary and damages those saving for homes

11. Fucking around with ISAs is an easy way for labour to lose my vote 

12. People forgotten about all this defence spending rise already then.

13. time to put my cash into my mattress cant fucking tax it there

14. she’s a dogmatic lunatic without the knowledge nor the experience, disingenuously and over sold to us as some sort of world class economist. A known liar and cheat (albeit a much smaller scale than allot of conservative MPs) who milks freebies and expenses while holding a disdain for those who need support. Someone who has personally tied Labour in knots and caused potentially unfix-able damage to future electoral prospects. She is a real testament to how dreadful the political class in this country have become.

15. Classic Labour – now wanting to control how people save, forcing more people to invest in stocks and not in much safer ISA products.

    What could go wrong?

    LOL

16. Interesting this thread is 50% “no-ones got any money anyway so what’s the point” and 50% “she’d better not come after my 20k”

17. I’ve posted about it before – they don’t have an absolute scooby about how to run an economy.

    People in the UK are generally very risk adverse – they save all their days, and want to see that money sat in their bank account earning some interest. They don’t care whether they could earn more investing or not, they only care about the *guaranteed return* of a cash ISA. At the end of the day, a S&S is still a risk that many people are not willing to take.

18. Oh, another policy that fucks the middle/average class over.

    If you’re poor, or havent managed to save money away here’s more money, if you’re rich you won’t care about cash isa.

    If you’re working hard to be able to save some away, nope, you’re taxed now.

19. How about taxing the fucking rich and finally starting to collect taxes from giant corporations and companies funneling money to the USA?

20. Another attempt by labour to punish anyone who is trying to do anything with their life. We’re already taxed to no ends for apparently being “rich” if you earn over £50k (£42k where I am in Scotland! – SNP are equally as bad). Basically they hate anyone earning above the minimum.

    Crazy, this country is going to the dumps

21. This is the one thing that would ultimately make me ditch all Labour support. Things are tough and we have to make sacrifices but this is a step to far imo. Just another money grab from the middle class.

22. At least they’re keeping the triple lock which means I can look forward to a state pension of just about bugger all when I reach the state pension age of 75 in 38 years 🙂

23. ***IF*** this becomes a thing, labour will lose my vote for the first time ever.

    I’ve worked hard and clawed my way to getting slightly ahead of the curve, fuck them if they think their going to pull me back down. 

    Write policies that lift the bottom up, not pull the middle down.

24. So high earners like me who can afford more risky ISA investments and don’t need clear lines of cash are fine.

    Those who have worked their ass of to get some money together and want to use a teeny bit of tax relief whilst maintaining lower risk are hurt?

    Like what?

25. Damn, they are committed to fucking us. I’ve simply gotta respect it

26. I’m much more risk averse than I was a few years ago, and the attractive rates on cash ISAs have been a blessing. I’ll be furious if the annual limit drops to £4k.

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