Cash ISAs: Why Your Money’s Safe Now — But Could Vanish Tomorrow!

Cash ISAs: Why Your Money’s Safe Now — But Could Vanish Tomorrow!

For most of the week, my Weekend Reading links included articles warning that Rachel Reeves was finally going to cut the cash ISA allowance at her Mansion House speech next week.

The rumours had run for months. At last reality was at hand!

Yet by the end of the week, it was all change.

From the BBC:

Rachel Reeves was thought to be considering reducing the allowance for tax-free cash savings, in a bid to encourage people to put money into stocks and shares instead and boost the economy.

But strong opposition from banks, building societies and consumer campaigners mean any such move has been put on hold.

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