ISA shake up announced as part of Spring Budget 2024

ISA reform sees £5,000 additional allowance

This marks an increase from £98.1bn last year

Commentators predict the recession will be a 'shallow and short-lived one'

Kwarteng to exit parliament after 14 years as MP

Peter Harrison says he is 'not quite sure we can solve the problem'

Remains unlikely rates will fall close to or below inflation in 2024

Advice firm points to poor equity market performance in 2022

Argued for 'radical, long-term simplification' of ISA framework

CEO Steven Levin said 2023 had been a 'tough year' for the industry