British scheme is like SSIAs, only different

Editor’s note Tina-Marie O’Neill There are fears that George Osborne’s move will push up property prices across Britain

22nd March, 2015
British scheme is like SSIAs, only different
Tina-Marie O'Neill

It was interesting to note the approach that British Chancellor of the Exchequer George Osborne took to assisting first-time buyers on the property ladder last week when he announced proposals for a Help to Buy ISA, or Individual Savings Account, in Britain’s Budget 2015.

Under the scheme, Osborne has proposed that the British government will add £50 to every £200 saved towards a deposit in the ISA, a measure not unlike Ireland’s Special Savings...

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