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'A Budget for savers, and a Budget for businesses, can only be supportive of UK growth' - ThinCats PDF Print E-mail
Wednesday, 18 March 2015

Commenting on this morning’s Budget announcement on changes to annuities and greater flexibility for ISAs, Kevin Caley, CEO of peer to peer lending platform ThinCats, says:

“The real winners from the Chancellor’s budget are the 2.4 million pensioners who have been compelled to take an annuity over the last six years. Savers should have the flexibility to choose their own investments and the opportunity to escape the dismally low interest rates that have hampered savings growth since 2007. Prudent savers have had their choices severely restricted for too long, but now they have to the chance to seek real growth and sustainability by shopping around.”
“People should be trusted with their hard earned money, so the expansion of the ISA to include a wider range of investments, and the greater flexibility for those that occasionally need to dip into it, is supportive of exactly the sort of financial innovation the economy needs to see. A Budget for savers, and a Budget for businesses, can only be supportive of UK growth.”

(Source - ThinCats Comment)

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