General · 26 October 2025
UK Government Expected to Halve Tax-Free Cash ISA Allowance in November Budget
The UK government is expected to cut the annual tax-free cash ISA allowance from £20,000 to around £10,000 in the upcoming November budget, though the figure has not been confirmed. The move, aimed at promoting investment in stocks and shares to build a “shareholding democracy,” has drawn criticism from lawmakers who warn it could restrict mortgage funding and hurt savers. The proposal, not yet officially confirmed, is expected to be addressed by the Chancellor on November 26.
Reported by Reuters · How we write briefs