BBC cost of living reporter
Savors with cash in low-onion accounts will be targeted with offer to invest their money in stocks and shares under government schemes.
Treasury said that banks will send details of potential investments to the saver and there would be an advertisement campaign to increase awareness.
In a series of proposals by Chancellor Rachel Reeves, a plan that encourages the provision of low-sub-report mortgage for buyers for the first time will also be made permanent.
Reeves is giving two major speeches on Tuesday, as the government and Chancellor aim to reversed welfare and winter fuel from U-turn.
Reavs further said to the city leaders from his Haveli House speech, “We need to double our global powers to pursue Britain in the global race for financial businesses, making good efficient jobs in every part of the country and help to move forward.”
Treasury was already Cash gives any immediate plan to change personal savings accounts (Isas).
Savors can be added to £ 20,000 per year in savings and investment to prevent returns from getting returns.
However, there is a plan in Treasury to encourage people to invest for better returns, which will also promote growth in the UK economy.
But the value of investment in assets such as shares can go down as well as to be vigilant at the risks included in the saver, although rising prices can be erased by the power of savings. In the newly elevated Treasury offers, some warnings are likely to reduce water.
The Treasury said that “there would be a review of risk warnings on investment products to ensure that they help people to judge the level of risk correctly”.
The step is part of the reforms designed to promote financial services in the UK, known as Leeds Reforms.
However, there may be concern that encouraging letters and messages from banks to encourage investment can be seized by fraudsters who can also send claims of fake investment to new investors.
While there are some safety in the place, the saver will need to be careful with some unwanted messages.
Hostage backstop
In a meeting with business leaders in Leeds, Chancellor said she wanted to promote investment, and also helped buyers for the first time.
For some time, banks and building societies have a backstop from the government to ensure that they first continue to give buyers a low-deposit hostage.
The Chancellor said that the plan would be made permanent, a promise has been made in the labor manifesto.
But some campaigners believe that Chancellors are targeting the wrong goal.
Paula Higgins, Chief Executive Officer of the homeowner coalition, said, “Since the scheme is fully operated between the lenders and the government, we do not expect that the buyers will see any difference for the first time.”
“It seems like a political gesture compared to the practical solution of housing crisis. If the government really wants to support buyers for the first time, it should pay its attention to fix Jesus of a lifetime.”
The rules around the lifetime ISA have been criticized Failed to live for promises for buyers for the first time,
Bank of England announced last week A relaxed hat on risky mortgage loanThe government says that more than 36,000 people can help in buying a house in their first year.
“I want more of those who are able to receive their own mortgage.”
Other reforms mentioned by the Chancellor include:
- Ring -fencing regime – an improvement of banks after the financial crisis of 2008 to separate the retail and investment banking activities of banks
- The proposed change in the financial Lokpal, which can reduce payment but make the system more simplified
- Increasing the change in governance of senior managers of financial services, which were brought to individuals even after the 2008 crisis, who are appointed and are held accountable to take problems and risk.
He also said that the government not to “commit the commitment” not to raise “major taxes”, which the working people paid – Income Tax, National Insurance and VAT.
Share price record
The Chancellor wants to re -set for him and the government for a few weeks. Bond markets went away when he made a turbulent presence on the Prime Minister’s questions and speculated about his future.
However, the city welcomed the support of the post -Chancellor of Sir Kir Stmper.
On Tuesday, an all-time high in share prices in London was hit, with the FTSE 100 share index growing for the first time in the 9,000 point mark.
However, there is widespread concern in the city about the companies being less enthusiastic on listing their shares on the London Stock Exchange.
The regulator, the Financial Conduct Authority (FCA) has confirmed that it will offer a range of measures for UK businesses looking for safe investment.
Companies which are already listed in London’s stock markets will not need to issue more shares and publish longer possibilities for raising funds in most cases.
The new rules will also have half the time to take time between initial documents and an IPO (initial public offering) to be listed on the London Stock Exchange.