MoneyWeek Quiz: Potential Cut to Cash ISA Limit
Rumors have resurfaced about a possible reduction in the cash ISA allowance as the Autumn Budget approaches.
Treasury insiders suggest that Chancellor Rachel Reeves is considering cutting the cash ISA limit to encourage Brits to invest in the stock market.
- Supporters of the potential reform argue that savers can achieve better returns by investing in stocks and shares.
- Others claim that a cut to the cash ISA limit could undermine the savings product and potentially make mortgages more expensive.
A cut to the cash ISA limit may encourage investment in the stock market, but could also have unintended consequences.
Author's summary: Chancellor Rachel Reeves may cut cash ISA limit.
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