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The Independent UK
The Independent UK
Business
Jane Dalton

Martin Lewis warns Rachel Reeves’ cash ISA cut plan will upset millions

Plans by chancellor Rachel Reeves to reduce the amount that savers may put into cash ISAs will upset millions of people but not achieve what she wants, money expert Martin Lewis is warning.

In her Budget next month, Ms Reeves is expected to shake up the rules on tax-free ISAS, cutting everyone’s annual allowance from £20,000 to £10,000.

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