Cash ISA Reform Considered by Chancellor Rachel Reeves
Chancellor Rachel Reeves is considering slashing the cash ISA allowance in the Autumn Budget, potentially halving the annual limit from £20,000 to £10,000.
This proposed reform aims to incentivise savers to invest in the stock market, which the government believes would boost economic growth and provide better returns for savers.
- Current cash ISA allowance: £20,000
- Proposed new limit: £10,000
The government argues that investing in the stock market would help boost economic growth while also providing better returns for savers.
Potential changes could be announced as soon as the Autumn Budget.
Author's summary: Chancellor considers cutting cash ISA limit to £10,000.
More News
- Wesleyan women blank Wheeling in 3-0 road win
- What Arkansas interim football coach Bobby Petrino said on his radio show ahead of Texas A&M game | Whole Hog Sports
- Uncovering untold stories: Finding Lucinda » Sandpoint Reader
- Who knew that the public would end up supporting striking teachers? Not Danielle Smith and the UCP! - Alberta Politics
- CBS Staffers 'Won't Be Punished' for Not Responding to Bari Weiss
- Liverpool battling with Tottenham & Man Utd to sign Fofana
- Azerbaijan’s expanding gas network redefines regional energy politics
- Mateusz Gamrot Releases His First Statement Following His Loss To Charles Oliveira
- Who won fashion month SS26 on social media?
- Electric Island Expands with Five Shows and a Massive Lineup