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Explained in plain English

Who sets Isa limits?

The Chancellor of the Exchequer, currently John Healey, is responsible for setting the rules around Isas and other savings products. These changes are typically announced in the annual Budget, which is a statement on the government's financial plans. Parliament then votes on the proposals.

Stories that explain this

Cash Isa limit to stay at £20,000, Healey reportedly plans

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