Labour is set to press ahead with controversial reforms to cash ISAs as chancellor Rachel Reeves confirms work is underway in the Treasury.
Ministers are understood to be looking at lowering the annual amount savers can invest in their tax-free cash ISAs in a bid to encourage them to consider investing in equities instead, like a stocks and shares ISA. Some economists have even advocated for the current £20,000 threshold to be cut to just £4,000.
