This Budget is generally good news for families. This should see a flow of funds that have the potential to be invested in long-term savings, particularly pensions, which is good news in the run-up to stakeholder.
The extension of the Isa limit also gives consumers assurance for their savings.
The removal of the minimum funding requirement must be treated with caution until the full implications are known, in particular how the Government intends to legislate to protect policyholders' expectations. But the removal of the MFR on gilts is inevitable in view of the Government's position on debt repayments.
We welcome tax credits for firms investing in environmental initiatives, which should assist the number of socially responsible funds emerging.