Reeves warned ‘undermining cash ISAs a serious mistake’ Investing Chancellor Rachel Reeves has been warned that “undermining” cash ISAs would be a “serious mistake” and could hike the cost of mortgages and make them harder to access. Skipton Building Society has joined the chorus of institutions voicing their concerns ahead of the Chancellor’s Mansion House speech next week where she is expected to announce a [...]
The Debate: Should Rachel Reeves reduce the Cash ISA allowance? Opinion Rachel Reeves is reportedly mulling reducing the amount Brits can save in Cash ISAs, but would such a move actually foster economic growth?
Rachel Reeves’ Cash ISA plans will punish Brits who just want stability Opinion The Chancellor isn't wrong to try and get Brits investing, but Cash ISA reform won't work, writes Antonia Medlicott.
Rachel Reeves warned cash ISA reforms will hike mortgage costs July 7, 2025 Rachel Reeves’ plans to cut the cash ISA limit have been blasted by the bosses of Britain’s top building societies over fears they will hike borrowing costs. The Chancellor has been warned her proposals to slash savers’ annual cash ISA allowance from the existing tax-free threshold will drive up costs for homeowners and businesses. Concerns [...]
Rachel Reeves’ cash ISA plans would ‘choke mortgages’ July 3, 2025 Rachel Reeves’ plans to slash the tax-free cash ISA allowance “would be effectively choking mortgage availability” for those who need them the most, a building society’s CEO has said. Darlington Building Society was reacting to the news that the Chancellor is set to announce a lowering of the current £20,000 cap that savers are allowed [...]
Reeves to cut cash Isa allowance June 30, 2025 Rachel Reeves is poised to unveil a cut to the tax-free cash Isa allowance in a bid to encourage British savers to invest in London-listed firms and breathe life into the UK’s ailing capital markets. According to the FT, the Chancellor will use her upcoming Mansion House speech to announce a lowering of the current [...]
The London Stock Exchange has a Martin Lewis-shaped hole June 18, 2025 Martin Lewis has helped millions with his money-saving tips, but his views are too short-term, writes Simon Hunt. Cultural observers have been stroking their chins over a recent social trend: a growing number of Brits are going to church on Sundays, reversing decades of decline. It’s a curious phenomenon. But I would posit there’s a [...]
Octopus Money CEO: Cash ISA saving can be ‘over-comforting’ June 5, 2025 Saving into cash ISAs can lead investors to become “over-comforted” with their financial situation, despite likely better choices, the CEO of Octopus Money has said. Speaking to City AM, Ruth Handcock argued that the fact that 92 per cent of Brits do not receive financial advice was “the biggest unsolved problem in financial services”. “It [...]
Cash ISAs: Record £14bn piled in after rumoured cut from Reeves June 2, 2025 A record £14bn was put into cash ISAs in April as the new tax year kicked off, fresh figures from the Bank of England show, marking the highest amount since April 1999. The ballooning savings follow speculation over the fate of cash ISAs amid rumours of a cut to the allowance. In the Spring Statement [...]
Which taxes could Rachel Reeves raise in the Autumn Budget May 29, 2025 Rising borrowing costs, u-turns on spending cuts and a wafer-thin fiscal headroom all point to one thing: Chancellor Rachel Reeves is widely expected to put up taxes later in the year. But given Labour’s manifesto commitment to avoid tax rises on “working people”, and the pain felt by businesses over National Insurance hikes, many are [...]