No imminent change to cash Isa tax-free allowance

The BBC reports that there will be no immediate alterations to cash individual savings accounts (Isas) and the £20,000 tax-free allowance is expected to remain unchanged. Chancellor Rachel Reeves was anticipated to announce a reduction in the allowance to promote investments in stocks and shares, a focus that the government still intends to pursue to drive investment in the UK economy. The Treasury aims to ensure optimal returns for savings and encourage more investments to support the national economy.