UK's Healey set to scrap planned cut to cash Isa allowance

UK Chancellor John Healey is poised to overturn the planned cut to the cash Isa allowance in his first budget. His predecessor Rachel Reeves had planned to reduce the annual tax-free cash savings limit from £20,000 to £12,000 from April. The reversal, first reported by the Financial Times, would keep the existing allowance for savers.