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Happy 20th birthday

8th April 2019


6 April marks the 20th birthday of the Individual Savings Account (ISA).

 

When the ISA was introduced in 1999, many thought it to be little more than a rebranding of the two schemes it replaced: the Personal Equity Plan (PEP) and Tax Exempt Savings Account (TESSA). The following 20 years have proved ISAs to be much more.

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An overshadowed Spring Statement

5th April 2019


The Chancellor’s Spring Statement was almost obscured by other events in mid-March.

Ever since he announced a move to an Autumn Budget in 2016, Mr Hammond has made it clear that he wanted to avoid the Spring Statement counterpart becoming a mini-Budget. His vision was that in March he would be presenting a brief response to the latest forecasts from the Office for Budget Responsibility (OBR). As the Treasury website stressed, “there will now only be one major fiscal event each year”.

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