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Reeves should not cut cash ISA allowance, MPs say

Source: BBC

Chancellor Rachel Reeves should not cut the cash Isa tax-free allowance in the upcoming Budget, a group of MPs has strongly advised. Cuts to the tax-free allowance were unlikely to have the intended effect of promoting an investment culture in the UK, the Treasury Select Committee said in a report.Reeves is expected to announce tax rises or spending cuts in next month's Budget, and is reportedly considering…

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