Emeritus Prof Christopher MayOct 15

As warnings about an impending stock market 'correction' swell, Rachel Reeves once again flies a kite about halving Cash ISA's allowance, to 'encourage' savers to move funds into the stock market...

As the saying goes, 'every market requires a fool' when people want to cash out & Reeves is setting up the public to buy the shares investors want to shed in light of the likely stock market turmoil.

She is not on our side, she's in the pocket of the investment bankers!

#CashISAs #politics
h/t FT

Show threadAnneH
@ChrisMayLA6 A stocks n shares ISA doesn't do the job that probably most of the "normal" ISA holders want - ie to look after cash that can be called on in an emergency.
Oct 15 at 10:40amWeb
Show threadEmeritus Prof Christopher MayOct 15

@annehargreaves

Exactly & this is what Reeves cannot see.... but that said I've just cashed-in my sticks & share ISA on the basis of an impending 'correction' & it only takes a couple of days to have access to the cash... the man concern is the volatility for those holding cash for emergency

Show threadAnneHOct 15
@ChrisMayLA6 I love the idea of a "sticks & share" ISA - it has a whole new flavour of solidarity in hard times😂