UK may slash ISA limit to boost investment, sparking concern over impact on savers.

UK Chancellor Rachel Reeves may cut the cash ISA tax-free savings limit from £20,000 to £10,000 or as low as £4,000 in the upcoming Autumn Budget to boost investment in stocks and address a £30 billion fiscal gap. While the government says the move aims to encourage long-term economic growth and financial inclusion, experts like Martin Lewis warn it could harm millions of savers, especially older individuals, increase tax burdens, and raise mortgage costs by reducing funds for building societies. Critics argue the policy is ineffective and overly punitive, urging a better alternative like a starter investment bonus. No changes have been confirmed, but savers are being urged to act quickly before potential reforms.