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Autumn statement - help for savers?
veryintrigued
Posts: 3,843 Forumite
So its almost November and therefore this statement isn't far away.
Seems lots of groups of people have been whispering about 'help for savers'.
Are we expecting anything?
Seems lots of groups of people have been whispering about 'help for savers'.
Are we expecting anything?
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Comments
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A new NS&I bond perhaps.0
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Like what? With interest and dividends essentially tax-free to small savers, the only change that might make any difference would be a rise in interest rates, which only the BofE can do, it's not something for the autumn statement.0
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A new NS&I bond perhaps.
Perhaps, but given the squeeze on Local Authorities, we might see something to encourage public sale of Municipal Bonds.0 -
Probably no limit on the amount each year into cash ISA but the rates are and will remain crap.
Some talk that Carneys about to to jump before being pushed, which won`t be a bad thing.0 -
Is there an election due?
In that case, I'd be amazed if anything of substance arose.0 -
Nope I cannot see any ray of sunshine for savers. They do not want the economy to stagnate so want us spending instead.
On a plus though the stock market is doing well at the moment. I calculated yesterday that since I started investing almost 2 years ago I have invested 47250. I withdrew £9860 to buy a car as the market was high earlier on this year and my portfolio is back up to £44k so overall return of between 7-8% per year averaged out over 22 months.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
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Less than two years isn't of course long enough to judge investment returns, however given the benign investment conditions and more importantly the devaluation of the pound then a 7-8% return is well below an average return, I'd review my portfolio if I were you.0
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I don't see this as a priority for the government, particularly in this stage of a parliament.0
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Lord, I loathe sugary descriptions such as "help for savers". What's meant? Robbing Peter to pay Paul?Free the dunston one next time too.0
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Most a likely an announcement that Autumn statements (budget changes) are too cease. A return to once a year March budgets.
Why should savers receive help? Inflation has been low. Plenty of options available already. Many people simply haven't saved enough.0
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