Here's what you could do with your money after cash ISA cut in Reeves's Budget

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"Rachel Reeves is set to cut the cash ISA limit in Wednesday's Budget, with the cap poised to drop from 20,000 to 12,000. The proposed move, seen as a bid to encourage more people towards investing rather than only saving in cash, has prompted a mixed reaction from consumers and businesses. Many savers will not feel the impact of a cut on a day-to-day (or year-to-year, more specifically) limit, bearing in mind the difficulty many people have in saving upwards of 1,000 per month."

The Independent emphasizes on-the-ground reporting across issues like reproductive rights, climate change and Big Tech, funded by donations and free access without paywalls. Chancellor Rachel Reeves plans to cut the cash ISA annual limit from £20,000 to £12,000 in the upcoming Budget to steer people toward investing rather than cash saving. The proposal has produced mixed reactions from consumers and businesses. Many savers may not face daily impacts but could be affected when receiving lump sums such as inheritances or property sale proceeds. One provider, Plum, reported a 49 percent increase in deposits between 15 October and 15 November.

Read at www.independent.co.uk