Finance · 15 October 2025
Reeves revives plan to halve Cash ISA limit in Autumn Budget
Chancellor Rachel Reeves is reportedly considering cutting the annual tax-free limit for Cash ISAs from £20,000 to £10,000 in the November Budget. The move aims to encourage savers to shift from cash into stocks and shares, boosting investment in UK markets. Building societies warn that such a cut could reduce the funds they depend on and raise mortgage costs. No final decision yet.
Reported by City AM / FT · How we write briefs