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Budget - Comment from CEO of the UK’s leading P2P platform – RateSetter PDF Print E-mail
Wednesday, 18 March 2015

Rhydian Lewis, CEO of the UK’s leading P2P platform – RateSetter commented following the Chancellor’s Budget announcement.

“Peer-to-peer investors will have to wait until the summer for confirmation of the exact details of how P2P lending will work within ISAs.  Maybe the Chancellor is buying some time to properly consider the Lending ISA, which after all, would be a game changer for the industry”
 
“LISAs would offer a much needed middle ground between low yield cash and high risk investments, opening up choice for consumers, reinvigorating a tired ISA market and allowing a higher return on their investments*
 
“Nevertheless, we expect our lenders to take full advantage of the rabbit that Osborne has pulled out of the Chancellor’s hat – the £1,000 tax free interest that lenders can earn.”

(Source - RateSetter Comment)
 

 
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