2026-10-28 · Evening Standard
🔮 Chancellor set to U-turn on Isa allowance cut to £12,000 – reports
Mr Healey is said to believe the allowance cut was the wrong tool to persuade Britons to invest more in stocks and shares and would rather look to educate savers on the benefits of equity investing, according to the Financial Times.
Former chancellor Rachel Reeves announced the Isa cut for savers aged under 65 at the autumn budget last year, with the change set to come into effect in April 2027, as she looked to encourage investment in the stock market. assertive