It looks on the face of it that the Chancellor Rachel Reeves is set on reducing the amount of cash savers can deposit into a tax free Cash ISA with reliable figures indicating a reduction from the current £20,000 down to £4,000 which in real terms is an 80% cut, that's massive!!!What this shows is that the Labour party are a tax hungry monster with an insatiable appetite for more of our hard earned cash with the central philosophy at their core of 'your money is our money' in order to fuel their 'tax and waste investment in public services' agenda and Reeves knows full well that the vast majority of savers will put their savings into another bank account which will necessitate the government slicing of 20% tax from the savings interest for themselves, and many ordinary savers will be hesitant to put their cash into Stocks & Shares ISA's because that's investing, not saving, and returns are never guaranteed and neither is your initial cash investment either, that's what the financial companies disclaimer always says in the small print, but we need to be clear and understand that 'universal poverty' has always been and will always be a Labour ideal.Be afraid.....be very afraid!!!
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