Cover of MoneyWeek magazine issue no 683

The return of Japan

21 March 2014 / Issue 683

The recovery is real, says Merryn Somerset Webb


  • Build a bond ladder for a better income
  • Are Britain's supermarkets doomed?
  • Cashing in on the marijuana revolution



John Stepek

A good budget for investors

I’ve sat through a dozen or more budgets. Most – even during the financial crisis – have been exceptional only for their sheer tedium. I didn’t expect anything more exciting from George Osborne this week. I was wrong.

Regardless of how cynical you are, this was a good budget for investors. Regular readers will know that we like individual savings accounts (Isas). They’re more flexible than pensions and less of a tempting target for money-hungry governments. The main benefit pensions have had over them is the relatively low Isa allowance. That’s all changed now.

From July, you’ll be able to put £15,000 a year into an Isa, and you’ll be able to split it between cash and investments as you wish. That’s £30,000 a year between a couple – plenty for most people’s needs.

All good news for savers. But the changes on pensions are even more radical.

• Read the full editor’s letter here: A good budget for investors.