Isas shake-up urged to help savers

The Isa savings system should be revitalised to help shelter beleaguered savers and struggling first-time buyers from taxation, campaigners have said.

Savers have been experiencing the "perfect storm" of an all-time low bank rate giving them little real return on their cash pots, combined with high living costs and tough employment conditions. From April, £11,280 can be invested in a stocks and shares Isa, and up to half of this (£5,640) can be saved in a cash Isa.