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Chancellor, who had been expected to announce changes next week, faced backlash over moveRachel Reeves has put on hold plans to reduce the amount savers can put into tax-efficient cash Isas after lobbying from banks, building societies and consumer gro…
Committee says products may not be best use of public money and may have been mis-sold to people on certain benefitsLifetime Isas could lead to savers making poor investment decisions and may not be the best use of public money, a cross-party committee…
Digital bank hopes to tempt switchers with package including in-credit interest and fee-free travel spendingThe battle for bank customers intensified this week, with a new player entering the UK current account market and offering cashback on bills and…
Experts say there are competitive products available despite expected Bank of England rate cutBritain’s savers are being urged to “act now” to take advantage of the best rates before they start falling.With a Bank of England interest rate cut on Thursd…
In 2024, the European Commission President, Ursula von der Leyen, announced her priorities for the Commission’s 2024-2029 term, emphasising the need for the EU to find ways to finance the parallel green and digital transitions, also known as the ‘twin transition’.
Rise from current limit of £85,000 would be first big change to protection scheme since 2008 banking crisisBusiness live – latest updatesUK savers would have up to £110,000 of their deposits protected if their bank or building society goes bust under p…
FCA to explore simplifying communications about savings accounts and review parts of its credit advertising rulesThe City watchdog is considering changing rules to allow people to receive clearer information from financial firms to make it easier for t…
Reduction in maximum amount from £20,000 to £4,000 understood to be longer-term aim for chancellorA mooted shake-up of cash Isas will not be announced in the spring statement this month, but the government is still considering the possibility of cuttin…
Research shows strong support for keeping tax-free accounts in their current form with £20,000 annual limitCash Isa providers fail to offer savers benefits of more flexible rulesA campaign to “save” cash Isas gathered pace this week, with research publ…
While they offer attractive interest rates, many providers won’t let savers open a second Isa account in the same tax yearSavers hoping to make the most of their Isa allowance as the end of the tax year approaches may be surprised to find that some pro…