Story perspectives

Chancellor Reeves to Cut Cash ISA Limit, Shift to Stocks

10/15/2025

23 2

Summary

Story summary

Chancellor Rachel Reeves plans to overhaul ISAs in the Autumn Budget on November 26, redirecting cash ISA savings into stocks and cutting the limit from £20,000 to £10,000.
Building societies warn that inflows could raise mortgage costs.
The Investing and Saving Alliance urges Reeves to preserve cash ISA allowance and boost education.
City minister Lucy Rigby says stock investments could grow savings, noting £1,000 in stocks-and-shares ISA since 1999 could reach £83,000.

1 of 1

Story summary

Chancellor Rachel Reeves plans to overhaul ISAs in the Autumn Budget on November 26, redirecting cash ISA savings into stocks and cutting the limit from £20,000 to £10,000.
Building societies warn that inflows could raise mortgage costs.
The Investing and Saving Alliance urges Reeves to preserve cash ISA allowance and boost education.
City minister Lucy Rigby says stock investments could grow savings, noting £1,000 in stocks-and-shares ISA since 1999 could reach £83,000.