4 Things You Need To Know (31/8/17)

Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.

4 Things You Need To Know (31/8/17)

Welcome to our daily update, where we summarise the key talking points from the last 24 hours.

1. Brexit

EU chief negotiator Michel Barnier has revealed that there has been “no decisive progress” on Brexit.

His belief is that the UK and EU are “quite far” apart from being ready to talk about future trade arrangements.

In response, UK chief negotiator David Davis has said the EU needs to be “more imaginative and flexible.” Mr Davis believes that there has been “some concrete progress” during the latest round of talks.

2. Theresa May

Theresa May has doubled down on comments made yesterday that she is “in this for the long term.”

The comment, indicating she will lead the Conservatives in the next general election, was met with criticism. However, speaking in Japan today, Mrs May added that she is “no quitter.”

“For most members of the public, they would say they want the Government to get on with the job and that’s exactly what I and the Government are doing.”

3. Princess Diana

Today marks twenty years since the death of Diana, Princess of Wales. She died at the age of 36, following a tragic car crash in Paris.

Tributes have been paid worldwide, with Kensington Palace stating “The Duke and Prince Harry are grateful for the many flowers, letters and messages they have received about their mother.”

4. Fall in Cash ISA investments

There has been a big fall in Cash ISA investments, with HMRC saying the amount of money put into accounts has fallen by a third year-on-year.

£58.7 billion was paid into Cash ISA accounts in the 2015-16 financial year. That number only amounted to £39.2 billion in 2016-17.

Low interest rates and rising inflation may have been factors in the Cash ISA becoming less attractive.

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