UK may cut cash ISA limit to £10,000 in upcoming Budget to reduce borrowing.

The UK’s cash ISA allowance may be cut to £10,000 in Chancellor Rachel Reeves’ upcoming Budget, halving the current £20,000 limit, according to reports. The proposed change, aimed at addressing public finances, would primarily affect tax-free cash savings accounts, though it could extend to all ISA types. While not officially confirmed, the move signals a shift in fiscal policy to reduce government borrowing. The full details are expected in the coming weeks.