So, ISAs must only be allowed in future if the ISA funds are invested in bonds that in turn fund activities that can be shown, without doubt, to produce new jobs that support the required transformation of the UK.
And the interest would be covered by government. Suppose the rate might be 1%.
So will they work? In terms of attracting funds I have not a shadow of a doubt. I think people would be queueing to get them.
The worlds is just packed with people who want 1% bonds, right? And bonds and bonds only are the way to fund investment and pensions, right?
Sheesh, if only P³ understood the first thing about finance. Or savings. You’ve got to have an equity layer in a project. Further, 1% bonds, when inflation is 1.7%, just ain’t the way to be saving. Finally, who the hell wants to buy these things when the government can’t even sell its own gilts – that’s why the BoE owns £800 billion of them.