Will Rachel Reeves' Spring Forecast tackle cash ISA hoarding?

'Too many people are unthinkingly hoarding cash'

clock • 3 min read

If we're serious about improving the nation's financial resilience and encouraging a move away from cash hoarding, the government should focus on simplifying ISAs, writes Laura Suter

Rachel Reeves is in a pickle, to put it politely. In less than two weeks she's heading out to deliver her second economic update for the country and things aren't looking as rosy as she'd like. The news of an unexpected slump in UK economic growth isn't going to help matters, and I suspect the inflation data that's released on the morning of her speech won't give her much source of joy either – with higher employer costs, energy costs and other price rises likely to mean the figure rises again. With this backdrop, there's been lots of speculation of what her announcement will bring ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on ISAs

Advisers expecting Cash ISA limits to come into effect by end of year

Advisers expecting Cash ISA limits to come into effect by end of year

Wealth tax changes drive client demand for cash, research finds

Isabel Baxter
clock 06 June 2025 • 2 min read
TISA CEO urges clarity on Cash ISA allowance following chancellor's remarks

TISA CEO urges clarity on Cash ISA allowance following chancellor's remarks

Carol Knight calls for full £20,000 limit to be preserved across ISA products

Sahar Nazir
clock 21 May 2025 • 2 min read
The cash pile the government is fighting keeps growing

The cash pile the government is fighting keeps growing

'A staggering £280bn sits in accounts that pay no interest at all'

Laura Suter
clock 15 May 2025 • 3 min read