Healey to reverse cuts to cash Isa allowances

In a significant policy shift, the new Chancellor has decided to reverse the cuts to cash Isa allowances, maintaining the tax-free limit at £20,000 a year. This move counters the previous plan by her predecessor, Rachel Reeves, which had aimed to reduce these allowances. This decision is crucial as it impacts the financial planning of many individuals who rely on these tax-free savings accounts, potentially boosting personal savings rates and encouraging long-term financial stability. For more details, check out the full article on the Financial Times website.