The Aporia
The Aporia
Williams, H. (2026, October 28). Chancellor set to U-turn on Isa allowance cut to £12,000 – reports. Evening Standard. https://www.standard.co.uk/business/business-news/john-healey-rachel-reeves-budget-stocks-b1302588.html
Williams, Holly. “Chancellor set to U-turn on Isa allowance cut to £12,000 – reports.” Evening Standard, 28 Oct. 2026, https://www.standard.co.uk/business/business-news/john-healey-rachel-reeves-budget-stocks-b1302588.html.
Williams, Holly. “Chancellor set to U-turn on Isa allowance cut to £12,000 – reports.” Evening Standard, October 28, 2026. https://www.standard.co.uk/business/business-news/john-healey-rachel-reeves-budget-stocks-b1302588.html.
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Chancellor John Healey is set to overturn plans to cut the annual allowance for Individual Savings Accounts (ISAs) from £20,000 to £12,000, reversing a decision made by his predecessor Rachel Reeves last year. The change was originally intended to encourage Britons to invest more in stocks and shares but has been widely criticized. Healey believes that reducing the allowance was not an effective method for encouraging investment and prefers instead to educate savers on the benefits of equity investing. This reversal is expected to be welcomed by banks and building societies, as ISAs are the most popular savings product in the UK, with £135.7 billion subscribed to adult ISAs in the tax year 2024-25, an increase of £32.7 billion from the previous year.
But it was widely criticised for impacting a well-understood and well-liked savings product and was seen as being unlikely to tempt savers to put money into riskier investments.
