Cutting cash Isa limit will not boost stock market, MPs warn Rachel Reeves

<p>Treasury committee says move in November budget could push up mortgage rates instead</p><p>Cutting the annual cash Isa allowance will not encourage many savers to switch to shares but could push up mortgage costs, MPs have warned the chancellor.</p><p>Adults can put up to £20,000 a year in a tax-free Isa and spread the money between cash and stock market investments as they choose. In the 2023-24 tax year, 66% of all contributions went into cash savings.</p> <a href="https://www.theguardian.com/uk-news/2025/oct/25/cutting-cash-isa-limit-will-not-boost-stock-market-mps-warn-rachel-reeves">Continue reading...</a>