RE: Slash tax breaks on savings for the wealthy, ministers told18 Jan 2023 10:30
Epro,
They SHOULD leave ISA's well alone and the £20,000 is a good level to be fair.
Half of today's problems is the result of people living on "funny" money, credit, buying EVERYTHING on money which is not there's.
Interest rates have been kept artificially low for to long in an attempt not collapse the housing market/economy and it is starting to crack now.
Yes the Government needs to get more money in BUT it needs to encourage ALL to save and not live on borrowed money.
What the politicians SHOULD be doing is to look at ways to encourage the truly wealthy to SAVE and pay tax in the UK rather than investing offshore or registering as companies, even if it means preferential tax rates.
If it is workable getting some tax is better than no tax!