Rachel Reeves says £20,000 annual Isa limit will stay

Chancellor Rachel Reeves said that she wants to want to preserve the annual £20,000 tax-free limit into Isas (Hannah McKay/PA) - (PA Wire)

Chancellor Rachel Reeves has confirmed she does not plan to reduce the £20,000 limit on the amount that can be put into Isas each year.

In an interview broadcast on BBC Newscast, Ms Reeves was asked whether if, in a few years’ time, someone would be able to put a whole £20,000 per year into an Isa, as they are able to do now.