Reeves’ Cash ISA Ban Would Have Wiped £31 Billion Off Brits’ Savings

Rachel Reeves has been talking about ‘reforming’ cash ISAs for some time to “encourage investment” in the London Stock Exchange, which could include slashing the allowance from £20,000 down to £4,000. City executives have been pressuring hard to scrap cash ISAs completely and move savers’ cash into stocks and shares ISAs instead.[…] Read the rest