Buzz & Beyond: First-time buyers
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Published: Feb, 12 2025 06:00
City wants more investment in stocks but move could reduce availability of mortgages for first-time buyers. Britain’s biggest building society has waded into a row over whether the government should cut tax breaks on cash Isas, arguing such a move would reduce the availability of mortgages for first-time buyers. In recent days it has emerged that the chancellor, Rachel Reeves, is being lobbied by City firms to scale back or ditch tax breaks on the popular savings accounts, which are used by almost 8 million savers each year.
