Tag: ISAs
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FTSE 100 Live: Budget Taxes Stir Markets as Door Opens for City Moves
Overview: FTSE 100 climbs as Budget taxes reshape investor bets The FTSE 100 edged higher on the day as financial markets digested the Budget announcements, with the index up around 80 points and trading near the 9,700 level. Traders signaled a cautious welcome to tweaks affecting dividends, property-related reliefs, and the betting industry, even as…
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FTSE 100 Rises as Budget Cuts Dividend Tax Hits Markets
FTSE 100 climbs on Budget optimism, but dividend tax concerns linger The FTSE 100 edged higher today, gaining about 82 points to 9,691 as investors weighed a Budget that promised relief in dividend taxation while also highlighting new levies on wealthier households, mansions, and certain gambling activities. The session reflected a nuanced market reaction: relief…
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Banks Brace for Cash ISA War as Treasury Sets £12,000 Limit
Main backdrop: the cash ISA limit shake-up The UK’s cash Individual Savings Account (ISA) limit is being cut, with the annual cap reduced to £12,000. Banks and building societies have wasted little time in signalling a fierce competition to attract savers, unleashing a wave of promotional offers and rate hikes across standard cash ISAs. While…