No cash Isa shake-up in spring statement, but Reeves still considering cuts

Speculation had grown that Rachel Reeves was planning to cut the cash Isa saving allowance. Photograph: Tommy (Louth)/Alamy

A mooted shake-up of cash Isas will not be announced in the spring statement this month, but the government is still considering the possibility of cutting the maximum amount people can put into them, it has emerged.

In recent weeks a row has broken out over whether ministers should scale back tax breaks on the popular savings accounts to help encourage a shift from cash into stock market-based investments.