Guido Victory as Reeves Delays Plans to Slash Cash ISA Allowance
In a win for savers, the FT reports that Rachel Reeves has delayed plans to slash the cash ISA allowance from £20,000 to £5,000. The Chancellor was all set to unveil the “reforms” during her Mansion House speech on Tuesday. Then came the backlash…
Nearly a third of Brits have a cash ISA. Guido’s been warning about the risks from the start – with top mortgage lenders saying the move would drive up borrowing costs, and money-saving experts such as Martin Lewis calling it a “mistake”. Though the plans aren’t officially dead, ministers are now talking about “industry consultation”…
Guido analysis showed that forcing cash ISA savings into the markets during Trump’s tariff-fuelled turbulence would have left savers £31 billion worse off. A sigh of relief for savers…
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