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Time for a Mrs Merton question for the financial services chief's putting pressure on Rachel Reeves to gut the cash ISA system:
What is is about the £300bn of cash tied up in cash ISAs that you find so attractive?
Don't forget whether your stocks & shares ISA booms or tanks, the manager gets their fees - its easy money given how many investments funds are really dogs..... and while the fees for passive funds are lower, they still get them whether you do well or not!
I could write a huge amount about the savings and investments, but will just point out a few things.
If UK companies are actually 'undervalued', big global investors would be buying more.
Encouraging moving to shares from savings often happens at a peak followed by a sudden large drop where newer investors lose the highest % of money and never invest again.
Yes, your final point looks all too likely....