5,000 signatures reached
To: Chancellor Rachel Reeves
Protect Cash ISAs
Tell Rachel Reeves to #ProtectCashISAs by not slashing the tax-free cap.
Why is this important?
Rumours are swirling that Rachel Reeves might slash the tax-free cap on Cash ISAs from £20,000 to £4,000 - after meeting with a group of bank executives. [1]
Cash ISAs (individual savings accounts) are the most popular kind of savings account in the UK. Tax-free and low-risk, they help 18 million of us to save billions for a rainy day.
But the Chancellor is being lobbied by big city firms to cut the allowance so that savers are pushed into moving their money. Reducing the Cash ISA limit - while keeping the stocks and shares ISA allowance the same - would unfairly push people into making riskier investments.
No one should be forced to gamble their savings to help rake in *even more* profit for City bankers. After U-turning on bankers bonuses, we can’t let Labour bend to the will of big banks again. The government should not restrict Cash ISAs.
Tell Rachel Reeves to #ProtectCashISAs - add your name to the petition now.
