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Original poster

To think Rachel Reeves patronised the public with her rhetoric on cash ISAs?!

215 replies

Hulabalu · 13/07/2025 19:09

I paraphrase but she said she wanted to cut the ‘cash’ ISA allowance from 20k to a fraction of that but allow people to still do the 20k stocks & shares ISA. She said something like she wanted “peoples hard earned money put to work in the stock market”.
She gave ZERO thought to people’s attitude to risk, that they might not want to risk their money in stock market.
She just wanted people investing in UK companies to boost economy. Not that people would have necessarily invested in Uk stocks.
Thankfully the banks etc stepped in and stopped her stupid plan
But I now can’t stand the woman! How dare she try to “sell” her plan to us and take us for fools 😡

OP posts:
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twistyizzy · 16/07/2025 21:16

BIossomtoes · 16/07/2025 21:11

I criticise the current government quite a lot myself. The end of year report card is standing at 5/10 and could do better.

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5/10 is a huge stretch. Majority of population wouldn't give them that.
4 MPs suspended for being knobheadery behaviour in the words of No.10. How is that acceptable language when those MPs were standing up for their constituents, shows the level of contempt in No10 for the electorate. Not sure even Boris would have said that tbh

BIossomtoes · 16/07/2025 21:11

twistyizzy · 16/07/2025 21:09

You really don't like anyone criticising Labour do you? How is that going for you?

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I criticise the current government quite a lot myself. The end of year report card is standing at 5/10 and could do better.

twistyizzy · 16/07/2025 21:09

BIossomtoes · 16/07/2025 21:07

You really don’t like people disagreeing with you, do you?

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You really don't like anyone criticising Labour do you? How is that going for you?

BIossomtoes · 16/07/2025 21:07

twistyizzy · 16/07/2025 21:04

God you would argue with a door! Of course there is context but it doesn't fundamentally change the result of the poll. The result is the same whether you read the bloody article alongside it or not.

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You really don’t like people disagreeing with you, do you?

twistyizzy · 16/07/2025 21:04

BIossomtoes · 16/07/2025 21:01

Polls are nuanced as you’d know if you’d bothered to read the article but you haven’t, have you?

The greatest level of support for a potential new party comes from those aged 18–29, with 33% saying they would back a new left-wing party

The age group least likely to actually go out and vote.

Edited
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God you would argue with a door! Of course there is context but it doesn't fundamentally change the result of the poll. The result is the same whether you read the bloody article alongside it or not.

BIossomtoes · 16/07/2025 21:01

twistyizzy · 16/07/2025 20:57

Polls aren't nuanced. They literally ask voting intentions, no nuance. So at basic Q level of "who would you vote for" Labour + Corbyn are level pegging

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Polls are nuanced as you’d know if you’d bothered to read the article but you haven’t, have you?

The greatest level of support for a potential new party comes from those aged 18–29, with 33% saying they would back a new left-wing party

The age group least likely to actually go out and vote.

twistyizzy · 16/07/2025 20:57

BIossomtoes · 16/07/2025 20:51

Try reading beyond the headline. It’s more nuanced than that.

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Polls aren't nuanced. They literally ask voting intentions, no nuance. So at basic Q level of "who would you vote for" Labour + Corbyn are level pegging

BIossomtoes · 16/07/2025 20:51

twistyizzy · 16/07/2025 20:10

It is 100% true. Labour and Corbyn's party level pegging at 15% each

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Try reading beyond the headline. It’s more nuanced than that.

MyNameIsX · 16/07/2025 20:32

twistyizzy · 16/07/2025 20:30

Ha ha most likeky not. Will be hilarious if Corbyn overtakes Labour 😂😂
The more MPs Starmer suspends the more he pushes more away..

🍿

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Brilliant!

Perhaps some defections….

twistyizzy · 16/07/2025 20:30

MyNameIsX · 16/07/2025 20:27

That parity will not last long, will it?

😉

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Ha ha most likeky not. Will be hilarious if Corbyn overtakes Labour 😂😂
The more MPs Starmer suspends the more he pushes more away..

🍿

MyNameIsX · 16/07/2025 20:27

twistyizzy · 16/07/2025 20:10

It is 100% true. Labour and Corbyn's party level pegging at 15% each

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That parity will not last long, will it?

😉

twistyizzy · 16/07/2025 20:10

BIossomtoes · 16/07/2025 17:36

I don’t think that’s quite true, is it? It’s mainly in the 18-24 age group who don’t turn out to vote.

https://www.lbc.co.uk/politics/uk-politics/corbyn-sultana-party-labour-polling/

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It is 100% true. Labour and Corbyn's party level pegging at 15% each

TheNuthatch · 16/07/2025 19:07

MyNameIsX · 16/07/2025 18:57

Absolutely.

Reeves received a very tepid reception from the City last night, and the macro data continues to be fairly horrid. Oh, and then the withdrawal of the whip from four ‘rebels’.

So much for the ‘summer reset’.

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Her mansion house speech was awful. She glitches so much I wonder if shes actually human.

MyNameIsX · 16/07/2025 18:57

EasternStandard · 16/07/2025 18:33

I suppose Labour will push the email thing for a few days, to cover inflation and whip news.

It’ll mostly benefit Reform though.

Absolutely.

Reeves received a very tepid reception from the City last night, and the macro data continues to be fairly horrid. Oh, and then the withdrawal of the whip from four ‘rebels’.

So much for the ‘summer reset’.

EasternStandard · 16/07/2025 18:39

twistyizzy · 16/07/2025 11:27

Corbyn's new party is level pegging with Labour in polls. They will split the Left vote in same way Reform split the Right vote at last election.

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Just reading that. That is a split

BIossomtoes · 16/07/2025 18:36

EasternStandard · 16/07/2025 18:33

I suppose Labour will push the email thing for a few days, to cover inflation and whip news.

It’ll mostly benefit Reform though.

What “email thing”? The scandal of the Tories’ super injunction? You can’t just wave that away as if it doesn’t matter - the estimated cost of that is huge. And that’s before you even think about the attack on democracy.

EasternStandard · 16/07/2025 18:33

I suppose Labour will push the email thing for a few days, to cover inflation and whip news.

It’ll mostly benefit Reform though.

Alexandra2001 · 16/07/2025 17:39

nam3c4ang3 · 16/07/2025 17:33

She lied - shock horror. Of course she lied - the whole party stinks but its who the people voted for so we haven't really much choice, they wanted change, they wanted 'new' - they bought into KS and his absolute rubbish.. we will all now pay the price, what a shit show.

How can she have lied when no one can show the speech or press release where she said she'd cap cash ISA's?

The last 14 years was a stunning success .....

Lying? i give you Sunak and Wallace, wasting billions of tax payer money, allowing in 12000 undocumented Afghans and then withholding any scrutiny....

BIossomtoes · 16/07/2025 17:36

twistyizzy · 16/07/2025 11:27

Corbyn's new party is level pegging with Labour in polls. They will split the Left vote in same way Reform split the Right vote at last election.

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I don’t think that’s quite true, is it? It’s mainly in the 18-24 age group who don’t turn out to vote.

https://www.lbc.co.uk/politics/uk-politics/corbyn-sultana-party-labour-polling/

Corbyn-Sultana party could draw level with Labour, new polling suggests

A new poll suggests that a party jointly led by Zarah Sultana and Jeremy Corbyn could be level with Labour in national voting intention.

https://www.lbc.co.uk/politics/uk-politics/corbyn-sultana-party-labour-polling/

nam3c4ang3 · 16/07/2025 17:33

She lied - shock horror. Of course she lied - the whole party stinks but its who the people voted for so we haven't really much choice, they wanted change, they wanted 'new' - they bought into KS and his absolute rubbish.. we will all now pay the price, what a shit show.

Tryingtokeepgoing · 16/07/2025 17:25

twistyizzy · 16/07/2025 16:49

And that's the majority of people! Which is why S+S don't meet needs of majority. Very few people have luxury of affording putting money into S+S

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As the retirement age rises, and more crucially access to DC pension funds starts to move in line with state retirement age, S&S ISA are a key part of retirement planning,or indeed any long term savings for lots of people. And if we want to reduce dependancy on the state in old age need to be encouraged

The cummulative effect of compound returns at 8% tax free, vs interest at 4%, over 30 years is huge. If you save £1,000 a year for 30 years then you might have nearly £60k in cash, but you'd have £115k in S&S

twistyizzy · 16/07/2025 17:22

And that's the majority of people! Which is why S+S don't meet needs of majority. Very few people have luxury of affording putting money into S+S

Tryingtokeepgoing · 16/07/2025 17:17

SpottyAardvark · 14/07/2025 16:00

I voted Labour at the last election, and canvassed for the party in a local marginal seat.

Throughout my life I have saved money from my earnings on which I have already paid tax. I will not gamble with those hard earned savings on the stock market. I just won’t.

And if Reeves tries to punish my financial prudence and coerce me into doing so by cutting my cash ISA allowance I will never, ever vote Labour again.

Playing devils advoate, why shouldn't you pay tax on your unrearned interest income? People are very keen to make sure that 'unearned' income from property and dividends is taxed, and taxed in line with income. Why should unearned income generated from cash be different?

Anyway, for teh time being at least it would still be pretty easy to avoid...just invest your S&S ISA in money market funds within the ISA wrapper and job done :)

EasternStandard · 16/07/2025 17:15

TheNuthatch · 16/07/2025 17:03

Why so aggressive all the time?

If you feel a desperate need to rant and rage about previous governments numerous times a day, why not start a thread about that?

It's not my fault that Labour are a shower of shite.

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Agree

Alexandra2001 · 16/07/2025 17:13

TheNuthatch · 16/07/2025 17:03

Why so aggressive all the time?

If you feel a desperate need to rant and rage about previous governments numerous times a day, why not start a thread about that?

It's not my fault that Labour are a shower of shite.

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Shower of shit? a definite lack of aggression there! not! & an attempt to shut me down with insults.

Where have i been aggressive? i'm just countering your very pessimistic & one sided out look.... i'm so sorry you feel that way toward my post.

But perhaps we all need to allow a little more positivity and realism into our negative thoughts on the state of the country .... instead of blaming others for how they feel.