Talks have taken place between HMRC and financial services firms regarding draft ISA legislation. Discussions indicate potential changes to proposed interest charges and the definition of “cash-like” assets. Industry representatives report increased optimism following negotiations with HMRC. Final decisions are pending further technical consultation and legislative revisions. The Chancellor’s Budget introduced a £12,000 annual cap on cash ISA contributions for savers under 65

The FTSE 100  rose 1.1% to 10,670 during morning trading on 18 February 2026. The index surpassed 10,650 for the first time in its history. UK consumer price inflation measured 3.0% annually in January 2026. December 2025 inflation was 3.4%. The Office for National Statistics attributed lower inflation to reduced bread and petrol prices. The Bank of England is expected by many economists to cut interest rates in March 2026. Economists anticipate rates could fall to 3.5% in Ma

Enfield recorded the highest benefits spending per working-age person in 2024/25 (£3,868). Enfield was the smallest borough where total benefits spending exceeded £1 billion. Other high-ranking areas by per-head spending: Blackpool (£3,678) Hackney (£3,669) Blaenau Gwent (£3,462) Haringey (£3,419) Birmingham had the highest total benefits bill but ranked 14th per head. The analysis was conducted by Neil O'Brien. The study examined: Universal Credit Disability Living Allowance