Should cash Isas be made less generous to encourage us to invest more?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 14 February 2025
⏱️ 50 minutes
🧾️ Download transcript
Summary
It's believed some city bosses are lobbying her to make the limit less generous, and push more people into investing their money instead.
While just speculation, it's a move that would certainly ruffle a few feathers.
This week, Lee Boyce, Georgie Frost and Angharad Carrick discuss the future of Isas and ask: Should people with cash parked in savings accounts be strong-armed into investing instead?
Elsewhere, Octopus has launched an investment platform where you can buy into a wind turbine - is it a good home for your cash?
Council tax has been in the spotlight, with some areas seeing increases in annual bills of up to 9.9% - and with it a social movement to cancel direct debits. Here's why that's not a wise move.
Ang spoke to Virgin Media O2's customer service boss about their pledge to turn around their poor performance over the years. Will we just be shoved to chatbots?
And does living in a hard water area make energy bills more expensive?
Transcript
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| 0:00.0 | Welcome to This Is Money podcast, sponsored by Charles Stanley Direct. I'm Georgie Frost and joining me and Lee Boyce today is Ang Harrod Carrick. And coming up, don't mess with our cash-eisers. Leiboyce takes aim at all the speculation around cutting the tax breaks for the popular savings product. Octopus becomes the first energy firm in Britain to launch an investment platform to raise money from customers for renewable projects. |
| 0:27.6 | What are the risks? |
| 0:28.6 | With Council Tax set to shoot up again from April, we look at who has to pay and what happens if you refuse. |
| 0:35.6 | Ang spoke to Virgin Media's O2 customer service boss about their pledge to turn around their |
| 0:41.3 | poor performance and why does living in a hardwater area make energy bills more expensive. |
| 0:47.3 | Don't forget, you start today with all the latest breaking money news, just go to thisismoney.co. |
| 0:52.3 | Or download the app. |
| 0:54.5 | Take control of your finances with Charles Stanley Direct, invest, save, coach or plan |
| 1:01.6 | using technology where it's helpful and people where it matters. |
| 1:06.7 | Our website and app make trading cost effective and flexible, but we're more than just an online investment service. |
| 1:13.5 | We're here for you, regardless of your financial needs, |
| 1:16.4 | or if your life takes an unexpected term. |
| 1:19.3 | Your finances, your way. |
| 1:22.0 | Take control today with Charles Stanley Direct. |
| 1:25.4 | Sign up now. |
| 1:26.2 | Investment involves risk. |
| 1:27.9 | But first, the government is desperate for growth. |
| 1:30.8 | Billions of pounds are parked in savings accounts, especially cash-isers, |
| 1:35.0 | a whopping 421 billion, in fact. |
| 1:38.5 | Money that some city bosses have argued to the Chancellor recently |
| 1:42.1 | would be of far better use to everyone invested. |
| 1:45.9 | Better returns for us, it's good for Britain |
... |
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