The ISA has become this governments cure-all. Help-to-Buy (to cure the housing crisis), Lifetime (will obviously sort pensions); and now the proposed Care ISA. Basically, if you don’t have one, it will be your fault if your on the streets at any time between now and then, whenever then may be. If you can’t afford one, it will be your fault…etc. etc.
“FCA proposes basic savings rate for cash accounts”
It’s not a big step from the imposition of a minimum interest rate to the recently-much-discussed idea of providing a the same, State-paid tax-free salary for everyone; from Elton John and David Beckham to their chambermaids’ unemployed younger brothers (see Utopia...