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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Stock Markets Slide After Trump Unveils Tariffs
Global markets tumbled after President Trump announced 10 percent tariffs on all U.S. trading partners except Canada and Mexico, with even higher tariffs on other main partners, causing futures on the S&P 500 to slump over 3 percent. Asian markets also fell sharply, with benchmark indexes dropping over 3 percent in Japan, and nearly 2 percent in Hong Kong and South Korea. The surprise scale of the tariffs has left analysts questioning the basis for...
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