Chancellor’s predecessor Rachel Reeves had planned to reduce allowance from £20, 000 to £12, 000 a year from April Business live – latest updates What to expect from the budget: who wins, who pays? John Healey is to use his first budget to ditch plans to slash the annual cash Isa allowance, the Guardian understands, preferring a carrot rather than a stick to encourage people to invest more in shares.
City experts welcomed news that the chancellor will overturn a decision by his predecessor, Rachel Reeves, to cut the allowance from £20, 000 to £12, 000 a year from next April to get more money flowing into UK company stocks. Continue reading...