budget 2014

Cider Freeze, 'New ISAs' and Higher Income Allowance to Benefit South West

A new style of more flexible Isas to encourage further saving are among the key measures announced in George Osborne’s 5th budget revealed today.

In a surprise late announcement Mr Osborne said that cash shares and Isas would be combined into a ‘New ISA’ which allows savers to accumulate tax-free savings of up to £15,000 each year beginning from July 1st.

In 2010/11 more than...