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Budget offers nothing for savers- Invesco Perpetual

Brown&#39s eighth budget is not a budget for savers and fails to offer any significant incentives according to investment house Invesco Perpetual.

Pep and ISA provider Invesco says with no specific reference to ISAs included in the proposals it is not clear what the Government intends to do, so the industry has been left to assume the worst for savers and investors in the UK.

Invesco head of distribution Mike Webb says: &#39This is not a budget for savers, it offered no new incentives to encourage people to provide for their future and no reassurances about ISAs. This means that investors have nothing to look forward to but the abolition of the 10 per cent tax credit on dividend income in just 19 days and the ISA allowance reduction from £7000 to £5000 in 2006.”

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