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ISAs will cap vital savings funds

I am surprised that you see fit to give space to the discussion on exactly how many Pepholders will be hit by the £50,000 cap on ISAs.

The real debate should be how many people will be excluded from accumulating savings that they arguably need. A £50,000 cap at current interest rates might imply an annual income of, say, £3,000, equivalent to, say, seven or eight weeks&#39 nursing-home fees.

Douglas Croft,

Partner,

Andrews Gwynne and Associates,

Leeds

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