Isa plan to help tackle social problems

A report is calling on investors and savers to help the government tackle social problems by putting more money in Isas.

The report suggests people with Isa accounts could be offered a £200 increase to their tax-free savings limit if they open an Early Intervention Isa, a savings account where the money will be invested in social projects.

It is part of the Early Intervention report, which was commissioned by the government.

The report author is the Labour MP Graham Allen who explains that it aims to create a central fund to invest money in social projects which prevent children taking the wrong path.