Expert reveals why Rachel Reeves’s cash ISA plan ‘won’t work’ | Personal Finance | Finance
Rachel Reeves’s plans to slash the £20,000 tax-free threshold for cash ISAs risk pushing savers towards “unscrupulous” companies, a finance expert has warned. Reports suggest the Chancellor could announce the measure during a speech at Mansion House on July 15. Under the current rules, there is a £20,000-a-year ceiling on the amount British savers can