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The Independent UK
The Independent UK
Nicole Wootton-Cane

Rachel Reeves set to cut annual cash ISA limit to £12,000 in Budget

Rachel Reeves is set to cut the annual cash ISA limit from £20,000 to £12,000 in her make-or-break Budget, in what could be seen as a blow to hard-working savers.

The chancellor is hoping to push more households to invest their savings into the UK stock market, as she scrambles to fill her £22bn fiscal black hole.

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