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Reeves U-turns on plan to cut ISA limit to £4,000
The Independent
|May 21, 2025
Rachel Reeves has confirmed she will not reduce the 20,000 annual limit for individual savings accounts ISAs).
The chancellor had faced pressure from banks not to press ahead with her plans to cut the limit to £4,000 in a bid to kickstart economic growth.
Earlier this year, Emma Reynolds, the economic secretary, pointed out that “hundreds of billions of pounds in cash ISAs” were preventing money from being invested in the London Stock Exchange, fuelling speculation that the annual limit could be cut.
This story is from the May 21, 2025 edition of The Independent.
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