The UK government is considering reforms to Cash ISAs to boost private markets, with a potential reduction in annual limits to encourage more people to invest in stocks and shares ISAs. Despite the government’s interest, new research shows a decline in Cash ISA openings and an increase in stocks and shares ISAs, with more funds held in the latter. While Cash ISAs offer easy access to savings, stocks and shares ISAs tend to outperform over time, making them a better option for long-term wealth building.
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E.U. Prepares Major Penalties Against Elon Musk’s X
European Union regulators are preparing major penalties against Elon Musk’s social media platform, X, for violating a new E.U. law aimed at combating illicit content and disinformation, with fines and product changes expected to be announced this summer. The move is likely to escalate tensions with the United States, targeting one of President Trump’s closest advisers. The investigation into X is progressing independently from tariff negotiations, and if X refuses to comply, a legal confrontation...
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