Cash ISA limit cut: why your tax-free savings are still vital AD Chancellor Rachel Reeves slashed the annual limit for cash ISAs. But this isn’t their death knell – they still have a very valuable place as part of a diversified portfolio. It’s all change for ISA limits For many savers, the cash ISA has been a huge success story. It’s given them a lower-risk, tax-free way [...]
The biggest risk to this government is no longer economic turbulence, but itself Opinion A Budget meant to project discipline has instead exposed confusion, mistrust and political instability around the Chancellor, eroding confidence in both markets and her own party, says Helen Thomas It is never a good omen when the Chancellor becomes the story rather than the Budget they’ve delivered. What began as a carefully choreographed fiscal event, [...]
Lord Lee: My own plan for fixing financial literacy Partner Virtually everyone agrees that there is and has been a near total failure to teach young people about the world of finance, investment, mortgages, etc. in schools. Politicians of all persuasion have failed lamentably in this area. It is truly appalling that many young people are now more likely to speculate in cryptocurrencies than invest [...]
Autumn Budget: Cash ISA tax free allowance slashed to £12,000 November 26, 2025 In a major policy shakeup, Chancellor Rachel Reeves has confirmed a slash to the cash ISA ceiling but over 65s will retain the full allowance. After weeks of speculation, Reeves confirmed the ceiling will be cut from £20,000 to £12,000 as of April 2027, as part of her bid to stop people from hoarding cash [...]
Budget: Income tax thresholds frozen by Rachel Reeves November 26, 2025 Income tax thresholds will be frozen until the end of the decade, despite the Chancellor previously branding the tax trick as a “stealth tax” tantamount to “pickpocketing”from working people. According to the OBR’s unprecedented leak of Budget contents, the Chancellor chose to freeze the bands at which different rates of income tax are introduced for [...]
Jeremy Hunt issues Budget warning to Rachel Reeves November 26, 2025 Former Chancellor Sir Jeremy Hunt has issued a warning to Rachel Reeves hours before the Budget and revealed what he is most worried his successor will announce later today. The Conservative MP, who held the role under Liz Truss and Rishi Sunak from 2022 to 2024, also outlined his predictions for this year’s Budget including [...]
Rachel Reeves set to cut cash ISA limit to £12,000 November 24, 2025 Savers are facing a major policy shake-up at the forthcoming Budget as Chancellor Rachel Reeves is reportedly planning to slash the annual cash ISA ceiling to £12,00 in a bid to encourage increased investment in stocks instead of hoarding cash. People close to preparations for Wednesday’s Budget said Reeves had decided to reduce the limit [...]
Here’s what to expect on Budget day November 24, 2025 An unusually late and extraordinarily widely briefed Budget has attracted more nerves and anticipation than any in recent memory. So when Rachel Reeves takes to the dispatch box just after midday on Wednesday, she is set to do so with the knowledge that her fate – and the Prime Minister’s – rest on placating at [...]
Everything we know about Rachel Reeves’ Budget – from mansions to milkshakes November 24, 2025 In the run-up to the mother of all Autumn Budgets to be delivered by Chancellor Rachel Reeves this week, tax rumours have run wild, infecting the minds of businesses and working Brits while adding to the sense of peril that a botched fiscal event could bring. Investors are running scared. Voters fear looming betrayal. Gamblers [...]
‘Shenanigans’: Did the OBR save Reeves from hiking income taxes at the Budget? November 18, 2025 For weeks, Chancellor Rachel Reeves had been engaged in an extraordinary communications exercise of expectation management, leading Brits to believe that income tax was about to hiked for the first time in 50 years. In an unusual press conference earlier this month, she told journalists that everyone would have to contribute to the Labour government’s [...]