UK considers cutting tax-free cash ISA limits to boost stock investments, causing saver rush.

The UK government is considering reducing or eliminating the current £20,000 tax-free allowance for cash ISAs to encourage more investment in stocks and shares ISAs, aiming to boost economic growth. This potential change has led to a rush among savers to fill their ISA allowance before possible cuts, with financial experts advising cautious savers to consider fixed-term cash ISAs. Despite speculation, no final decision has been made on the proposed limit reduction.