ISA limits at risk

dunstonh

Paul_Herring wrote: »

Well the original link was the Daily Mail...

At least it wasnt the Express. That would be the second coming of Princess Di.

cashbackproblems

chedburgh wrote: »

Agreed. Scaremongering by a single Labour MP.



So did the last Labour government, who presided over the trashing of the economy. They are all the same, unless you wear red or blue blinkers that only let you see what you want to see...

No they saved the banks which saved the economy, this was more important than avoiding getting into debt which can be repaid over the next 5-10 years. Every country is in debt, we'r in a much better position than france, usa or Ireland!

And its not just about comparing current rates to future rates as in an ISA u have tht amount interest free for life, which benefits the poor who dont have big company contribution pensions.

Its not just labour scaremongering, i read it in the ft a few weeks back, it just didnt make the headlines then.

Everyone knows cuts have to be made, but with tories they are doing it to those without any power and low earners, to keep their friends happy.

Paul_Herring

cashbackproblems wrote: »

No they saved the banks which saved the economy, this was more important than avoiding getting into debt which can be repaid over the next 5-10 years.

That's highly optimistic, even for (what I presume to be) a Labor supporter. It took Labour 13 years to get into this this much debt - I somehow doubt it's going to be repaid in 5.

Every country is in debt, we'r in a much better position than france, usa or Ireland!

So that's alright then.

And its not just about comparing current rates to future rates as in an ISA u have tht amount interest free for life, which benefits the poor who dont have big company contribution pensions.

The poor are as likely to have savings in ISAs as they are to have big company contribution pensions. Not at all.

Its not just labour scaremongering, i read it in the ft a few weeks back, it just didnt make the headlines then.

That's strange - they must have pulled the story since it's no longer available. Or it wasn't there to start with. Please do provide a direct link to the story if my search terms are wrong however.

Everyone knows cuts have to be made, but with tories they are doing it to those without any power and low earners, to keep their friends happy.

Even with the Tory's planned cuts, the structural deficit left behind by Labour is still going to rise - just not as fast as Labour were planning to leave it.

chedburgh

cashbackproblems wrote: »

No they saved the banks which saved the economy, this was more important than avoiding getting into debt which can be repaid over the next 5-10 years. Every country is in debt, we'r in a much better position than france, usa or Ireland!

And its not just about comparing current rates to future rates as in an ISA u have tht amount interest free for life, which benefits the poor who dont have big company contribution pensions.

Its not just labour scaremongering, i read it in the ft a few weeks back, it just didnt make the headlines then.

Everyone knows cuts have to be made, but with tories they are doing it to those without any power and low earners, to keep their friends happy.

Lets see... Gordon Brown is a hero for saving the banks, New Labour did not preside over the crash in the economy or a decade of binge spending, and its all Margaret Thatchers fault anyway?

neil324

dunstonh wrote: »

Thank you for congratulating those with the common sense to vote in the current Govt. Another term of Labour would have destroyed this country (even more than they already did).

As others have said, one insignificant Labour MP reckons ISA limits will drop. It must be a slow news period for the media to even run it as a story. No doubt if the same MP thinks the second coming of Christ is going to happen they would treat that just as seriously as well.

Might of been better, what now lurch forward in a zombie state trying to keep the ponzi scheme going.

Cautious_Investor_3

cashbackproblems wrote: »

Everyone knows cuts have to be made, but with tories they are doing it to those without any power and low earners, to keep their friends happy.

There is an equally strong argument that Gordon Brown et al had a strong ideological desire to redistribute wealth.

I am still yet to hear, since the election, any labour politician or supporter come up with a credible debt reduction plan.

Don't just give us problems, give is some solutions.

The Cautious Investor

dunstonh

No they saved the banks which saved the economy, this was more important than avoiding getting into debt which can be repaid over the next 5-10 years. Every country is in debt, we'r in a much better position than france, usa or Ireland!

You are wrong.

It will take 5 years just to bring the deficit under control. Thats before any capital payments are able to attack the actual debt. It will take another 50 years, or more likely never and hope inflation erodes it, before the debt it cleared (not that debt will ever be cleared).

Hungerdunger

This is Money is part of the Daily Mail, The Mail on Sunday & Metro Media Group

Nuff said.

StevieJ

Cautious_Investor wrote: »

There is an equally strong argument that Gordon Brown et al had a strong ideological desire to redistribute wealth.

I am still yet to hear, since the election, any labour politician or supporter come up with a credible debt reduction plan.

Don't just give us problems, give is some solutions.

The Cautious Investor

Then again I haven't heard a Tory either, take for example this child benefit dogs breakfast, where a family with household income of £84k will still be able to claim child benefit.

opinions4u

It does seem rather strange that many higher rate taxpayers can shelter £50k in a cash ISA, when the original TESSA concept (thank you Mr Major) intended to cap it at £9k.

No time for Brown. Killed the nation's pension funds to spend on rubbish.

As for the Tories, they're now intent on making their own voters pay for it all, cheered on by the Lib-Dems.

I really hope Mr Duncan-Smith can deliver something revolutionary with the benefits system. If he can, there is still hope for our children.