NewsBot
17-Jan-23, 10:41
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
UKs Saving Incentives Not Fit For Purpose With The Rich Pocketing Lion's Share Of £7 Billion Cost
Government incentives for savings are not fit for purpose, with around 750,000 low-and-middle income households having no savings at all, as rich individuals benefit from costly and unnecessary tax breaks, according to new Resolution Foundation research published on Monday 16 January 2023. The report ISA ISA Baby - published in partnership with the abrdn Financial Fairness Trust - examines the scale and distribution of savings across the UK, the impact of savings on families' financial resilience, and which households key savings policies have benefitted. [Read Full Article (https://caithness-business.co.uk/article/18965)]
UKs Saving Incentives Not Fit For Purpose With The Rich Pocketing Lion's Share Of £7 Billion Cost
Government incentives for savings are not fit for purpose, with around 750,000 low-and-middle income households having no savings at all, as rich individuals benefit from costly and unnecessary tax breaks, according to new Resolution Foundation research published on Monday 16 January 2023. The report ISA ISA Baby - published in partnership with the abrdn Financial Fairness Trust - examines the scale and distribution of savings across the UK, the impact of savings on families' financial resilience, and which households key savings policies have benefitted. [Read Full Article (https://caithness-business.co.uk/article/18965)]