Martin lewis warns 'read between the lines' and issues cash isa warning

MR LEWIS HAS WEIGHED IN ON THE ISA ROW AND HAS ADVISED SAVERS TO READ BETWEEN THE LINES OF WHAT LABOUR'S RACHEL REEVES HAS SAID 07:45, 21 May 2025 Martin Lewis has warned savers after

Rachel Reeves' backed down on a rumoured ISA shake-up and possible threshold reduction from £20,000 to £4k. BBC and ITV star Mr Lewis has weighed in on the ISA row and has advised

savers to read between the lines of what Labour's Rachel Reeves has said. He wrote on X: "Reading between the lines its seems that, she is still considering announcing a cut

specifically to the cash ISA allowance for new money (rumoured from current £20k down to as low as £4k) as part of Autumn Statement." He said: "They were done in the (I suspect

mostly forlorn) hope people will shift to investing that money, as the investment (and total) ISA limit would stay at £20,000 or even rise. In my view better investment education,

communication and widespread accessible guidance would be a more effective way to the same goal." READ MORE NEW UK PRIMARY SCHOOL DINNER RULES WITH SOME STAPLES BEING 'BANNED'

The chancellor had faced pressure from banks not to press ahead with plans to cut the limit in a bid to kickstart growth, which is one of the government’s key objectives. Article continues

below Earlier this year, Emma Reynolds, the economic secretary, pointed out that “hundreds of billions of pounds in cash Isas” were preventing money from being invested in the London Stock

Exchange, fuelling speculation that the annual limit could be cut. But Ms Reeves told the BBC : “I’m not going to reduce the limit of what people can put into an Isa, but I do want people to

get better returns on their savings, whether that’s in a pension or in their day-to-day savings. “And at the moment, a lot of money is put into cash or bonds when it could be invested in

equities, in stock markets, and earn a better return for people. But I absolutely want to preserve that £20,000 tax-free investment that people can make every year.” Article continues below

Cash Isas, which are held by 18 million people, who added a combined total of almost £50bn to them last year, allow households to save without paying income tax on the interest.