Healey Poised to Overturn Planned Cut to Cash ISA Allowance

John Healey is poised to overturn Rachel Reeves' planned cut to the cash ISA allowance in his first budget as Chancellor, the Guardian reports. A cash ISA is a tax-free savings account. The cut would have lowered the annual limit from £20,000 to £12,000 from next April, aiming to steer money into UK company shares. The Treasury declined to comment.