Rachel Reeves set to reduce the Cash ISA allowance

Unlock the editor’s digestion free

FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.

The British Chancellor Rachel Reveves is planned to result in annual tax free of charge for British companies from £ 300 billion to the British companies.

Government officials said the reveves and British protectors plan to set an annual exposure to the annual Jesus for the current spy, which is lower than £ 20,000.

Chancellor did not promise to reduce the total amount of taxes in stocks, for example, in stocks and shares, but did not rule out the money for money put in money.

Reeves believes that the plan will create fresh investment flow to the companies listed in London, and the stock market will create a fresh investment flow to the list. They said that on July 15 of the year, Reeves “Most likely,” Most likely, “Most likely,” Most likely “in the speech of Mansion House.

The move would celebrate the largest repair of the ISA regime for the fact that this time in 1999 came into force under the Gordon Brown. London’s stock exchange comes because the company suffers from the drought and investors have taken their money from UK capital funds.

The issue has been a matter of violent lobbying in favor of Cash ISAs, which limits the Cash Jesus as companies, brokers, investment banks and active managers and companies such as companies Societies using cash deposits to finance loans.

At the beginning of this year, the government, according to the city figures, was discussed in the reduction of ELS to 5,000 pounds for the money element of the ISA.

However, a Whithall figure familiar with the negotiations, the ministers listened to the opposite lobbies to keep the threshold more higher. They added that the government’s choice is also discussed.

Cash, a stock and share product and an alternative and an alternative investment and the most popular in the four main ISA products that cover more niche products that save to save home.

Reeves said, “I want people to better return to their deposits, despite their deposits or daily deposits.” He added that he did not reduce £ 20,000 “, but specifically reduced the benefits for cash Jesus.

The Treasury official confirmed that the government considers the choices for ISAS reforms, which has a balance between money and capital.

Although investments are Mervil Cash Long-term, consumer groups and restrictions on construction societies will not change the financial habits of cash and the cash in London, he warned that it will be difficult to ensure the flow of cash in London.

“Everyone said, not in a position to invest in investment,” said Susan Allen, the executive director of Yorkshire building. “In many cases, our customers collect money to pay for life events as a wedding or moving at home.”

An industrial expert said, “What (treasure) is in the focus of focus – I would say that it is cash with cash because there is cash that can be placed economy“

Along with the home address of the plans, along with the home address, the “growth and competitiveness strategy for the” growth and competitiveness strategy “will be broadcast by Reeves.

Although another financial services specialist consulted on Jesus benefits, this will consult any changes in the industry in the “mechanics” in the industry.

The new policy is expected to make a part of his speech to help investing the “target support” of the financial behavior.

The ministers considered to allow Jesus to long-term active funds in Jesus that investors can enter private markets as an infrastructure as an infrastructure. Government officials refused to comment on this possibility.