US EditionCash ISA Limit Update as 'Decision Made' Ahead of Rachel Reeves Speech - Manchester Evening News
ARDROSS, CITY OF MELVILLE, JUL 10 – The Metro Inner Development Assessment Panel granted a 120-day extension to allow further community consultation and reassessment of significant changes to the Ardross housing project.
- Chancellor Rachel Reeves announced on July 11, 2025, that the £20,000 annual tax-free cash ISA allowance will remain unchanged for now in the UK.
- This decision followed intense speculation and backlash against initial plans to cut the allowance, which some hoped would encourage more investing in stocks and shares.
- Industry experts and organisations, including the Building Societies Association and consumer advocates, warned that reducing the ISA limit could harm savers and disrupt the housing market.
- Over 22 million Britons hold ISA accounts, with data showing more than half of fixed ISA savers used the full £20,000 allowance last year, underscoring its importance for financial resilience.
- While the short-term cut is paused, wider ISA reforms and consultations continue, reflecting the government's aim to balance savings incentives with encouraging greater investment.
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Reeves has delayed cut to cash ISA limit - what experts say she should do instead
Rachel Reeves is planning to put plans to cut the cash ISA allowance on hold – a move that has been praised by building societies.It was widely expected that the Chancellor would use her Mansion House speech next week to cut the amount that can be saved into cash ISAs from £20,000, but this has reportedly been put on ice.However, there are other reforms that could be made should a cut not be made. The i Paper spoke to experts to find out what ot…
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Guido Victory as Reeves Delays Plans to Slash Cash ISA Allowance
In a win for savers, the FT reports that Rachel Reeves has delayed plans to slash the cash ISA allowance from £20,000 to £5,000. The Chancellor was all set to unveil the “reforms” during her Mansion House speech on Tuesday.[…] Read the rest
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R 57%
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