Good morning and welcome to your Morning Briefing. Tax hike fears are driving clients to ISAs and pensions.
Tax rises are "inevitable", according to a leading think tank. This warning confirms the fears that are compelling investors to take pre-emptive financial action, potentially "dangerous" in nature, as per new research from Hargreaves Lansdown.
Tax rises are "inevitable"
Chancellor Rachel Reeves will pledge to make "important choices" in her pre-Budget address, outlining three priorities: cutting hospital waiting lists, the national debt, and the cost of living.
Author's summary: Tax hike fears drive investors to ISAs and pensions.