Rachel Reeves

EY Item Club downgrades UK growth forecast to 0.9% for 2025

Banking system 'resilient'

Advisers urge clients to maximise their tax breaks

Members should take time to consider how and when they will take retirement income

Comes as Reeves mulls Cash ISA allowance cut

‘The difficult conversations need to happen now’

Treasury Committee scrutinises chancellor on Spring Statement

Likely that taxes could be raised further, thinktank director warns

OBR growth, ISA reforms and defence

‘This statement does not contain any further tax increases’