Cash Isas: Rachel Reeves pauses plans to reduce amount savers can put in

Cash Isas: Rachel Reeves pauses plans to reduce amount savers can put in

Chancellor, who had been expected to announce changes next week, faced backlash over move

Rachel Reeves has put plans to reduce the amount savers can put into tax-efficient cash Isas on hold, after lobbying from banks, building societies and consumer groups.

The chancellor had been expected to announce changes to the accounts in her Mansion House speech next Tuesday, with cuts to the £20,000 savings limit thought to be at the heart of the plans.

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