Reports @RachelReevesMP will announce a cut to the cash ISA limit at her 15 July Mansion House speech. If true, I think it's a mistake. I doubt it'll substantially nudge people to invest not save; said to be the aim.
This isn't nudge economics, its piss people off economics.
Currently you can put £20,000 in tax-free ISAs, whether cash (savings) ISAs, shares (investments) ISAs or the smaller types. Its said the reduction'd only be for cash ISAs, so people can still invest the same tax free.
NB At this point I should note, it is v likely to only impact future ISA limits (though whether the cut would start this tax year is a big question) so those with money already in cash ISAs shouldn't panic
My suspicion is that for many who use cash ISAs, it will just result in many having to pay more tax on their relatively paltry savings interest, not have an epiphany and think "oooh i'll just fill up the remainder of my ISA allowance with investments instead".
Now I should note, I am in favour of encouraging people to invest in the UK. It's good for individuals over the longer term and for the economy, especially if a way is found to encourage people to invest in UK firms.
Yet this isn't the route to do that. I'll be disappointed if the Chancellor chose to listen to the big investment firms in the City, and shut down many building societies and consumer groups who've said its not a good route.
Instead lets start a conversation about how we encourage investments - even possible intervention when people save to explain other options. We need to educate, provide better 1-on-1 easy guidance, and start to change the way people think about risk.
But lets use the carrot not a stick.
The leading in-game advertising and video game monetisation platform, @bidstack announces the appointment of Chris Vincelli as VP of enterprise partnerships.
https://t.co/AnIyNXUSAi
But here's what struck me
Never forget to send a prayer up
In your weakest moment
Even as you cry
Even as your broken
Even as you're hurt
Even when the pain is deep
Never forget to send prayers up
It would amaze you how God can turn things around
Always send a prayer up
Possibly the most intelligent and significant update from #PHE in years, if only on the basis that the company grabs all the work done at Protos and is now in a position to accelerate towards the building of the first plant. @ZaksTradersCafe
When I met my wife, I knew I could marry her.
In fact, I broached the subject of marriage early. She didn’t take me seriously, but I knew.
Come on; you don’t spend your teens playing Fifa, 2K or Premier Manager and not know the difference between starters and reserves.
God, Thank you for blessing me with another day. Sometimes I forget that even another breath is a blessing. Forgive me for the things I take for granted. May I always be reminded to count my blessings & know that every day isn’t promise. It’s truly a gift.
As you gear up for Easter, make it a priority to develop a great friendship with God and invite Him to be a vital part of everything you do. Then, listen as He speaks to your heart – He wants to talk to you too! #JoyceQuote
Part of the reason you’re tired and drained is because you’re giving your energy to the wrong things. When you give your energy to the right things, they feed you back. Alignment reciprocates.
The quality of your life has everything to do with your closest relationships. Have you built relationships where you can: have boundaries, say no, and fully express yourself without fear? Do your relationships support you in becoming the best version of yourself? If they don't, it's time to evaluate and re-build.