Whatever reason you're investing - or could be convinced to - I'd guess it's not to drive economic growth. Yet, that's precisely what Rachel Reeves wants us to do. Speculation is mounting that Rachel Reeves may curb the cash Isa allowance as early as the next tax year. She sees tax-free cash nest eggs as an opportunity to create more growth by putting them to work in the stock market. Unfair on cash Isa savers, yes. But also, a disservice to investing.
Slashing the cash Isa allowance will make investing seem like the booby prize - when in reality it's far from it, says RACHEL RICKARD STRAUS
