Rachel Reeves prepares to launch Isa review

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Financial Times 18h ago

Rachel Reeves prepares to launch Isa review - Financial Times

Quick Summary:

One industry figure said a consultation should lead to “something more concrete in the Budget” in the Autumn.“We do know the Treasury is keen to listen, so they might find a paper helps to formalise those conversations and lighten the load of meetings they’ve been asked to,” they added.

The move could pave the way for one of the biggest shake-ups of the Isa market since its creation in 1999, following calls from some large City firms to cap the amount that can be held tax-free in cash.

The Treasury said “no decisions have been taken” but that the government was “looking at options for reforms to Isas that get the balance right between cash and equities”.