As chancellor Rachel Reeves’ Spring Forecast approaches, TrinityBridge head of financial planning Daniel Swift has cautioned that pre-event rumours should be taken “with a pinch of salt”.
Reeves will address the nation in her update on the 26 March, and as usual, rumours have circulated within the industry. One of the rumours this time round centred on the future of Cash ISAs. It was reported that the chancellor is considering slashing the tax-free limit for Cash ISAs from £20,000 to £4,000 a year in a push to get more people to invest their savings, though recent reports have suggested that any incoming Cash ISA changes would not be announced until the Autumn Budget. When it comes to speculation, Swift said that "we can only deal with facts". "A lot of the rumours ...
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