Only a week ago, markets had priced the likelihood of a Bank of England (BoE) rate increase at 86 per cent. Mortgage providers, somewhat dubiously, even built this into their lending rates, especially the big banks.
Following their inception at the end of the twentieth century, the popularity of ISAs initially soared. Unlike so many savings and investment products which intertwine with Britain’s fiendishly-complicated tax system, ISAs – and, in particular cash ISAs – presented a simple and straightforward means through which consumers could build their nest eggs.
As the financial year end approaches, the financial services industry readies itself for a flurry of activity. That's in large part because, with just over a month to go, the so-called 'ISA season' is upon us.
There are a number of statistics which emphasise the growing generational wealth divide in the UK; such as the projection that so-called millennials will be the first in modern history to be poorer than their parents.