Spending Review: the beginnings of much-needed continuity?

COMMENT

Spending and saving are two sides of the same coin. So while the coalition government's recent Spending Review was just that, it was nonetheless a relief to learn it chose to stand by its word and left ISAs alone.

In fact, it had already announced an increase in the amount investors can put into this hugely popular savings medium. From April 2011, people will be able to invest an additional £480 on the current level of £10,200 – a total of £10,680. For a long time, TISA has been arguing the case for government policy that will engender a secure, asset-based society – one that is financially literate. What consumers want, particularly in retirement, is certainty and income. They want to be able to access their capital throughout their working lives – for those unforeseen circumstances that plague u...