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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne

Cash Isas: Rachel Reeves pauses plans to reduce amount savers can put in

Rachel Reeves United States United Kingdom
Stacks of one pound coins on British pound notes.
The chancellor’s cash Isa plans are on hold after lobbying from banks, building societies and consumer groups. Photograph: Rosemary Calvert/Getty Images

Rachel Reeves has put on hold plans to reduce the amount savers can put into tax-efficient cash Isas after lobbying from banks, building societies and consumer groups.

The chancellor had been expected to announce changes to the accounts in her Mansion House speech on Tuesday, with cuts to the £20,000 savings limit thought to be at the heart of the plans.

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