<ul data-eligibleForWebStory="false"><li>Rachel Reeves has paused plans to reduce the amount savers can put into tax-efficient cash Isas following lobbying from banks, building societies, and consumer groups.</li><li>The proposed cuts to the £20,000 savings limit for cash Isas have been put on hold to allow for further industry consultation, as revealed by the Financial Times.</li><li>The move aims to encourage UK savers to consider stock market investments for higher returns, but building societies argue that cutting the limit could impact their ability to fund mortgages.</li><li>The chancellor is expected to provide more advice and support for consumers to invest in stocks and shares during her upcoming speech, amid challenges in balancing the UK economy.</li></ul>

Cash Isas: Rachel Reeves pauses plans to reduce amount savers can put in

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