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The Independent UK
The Independent UK
Albert Toth

Do not cut cash Isa allowance in the Budget, senior MPs warn Reeves

Budget Dame Meg Hillier Rachel Reeves Treasury Committee United Kingdom

A group of senior MPs has warned the government not to cut the cash Isa allowance at the Budget as chancellor Rachel Reeves is understood to be considering the measure.

In a candid intervention, the cross-party Treasury Committee has unequivocally told the government that it should not introduce a cut to the £20,000 tax-free allowance granted to every saver.

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