British Chancellor of the Exchequer John Haley plans to reverse the decision to reduce the annual limit on Individual Savings Accounts (ISA) from £20,000 to £12,000, according to the Financial Times. It is expected that this will be officially announced as part of the budget presentation on Wednesday. The reduction in the tax-free limit was previously announced by Healey's predecessor as head of the department, Rachel Reeves, in an attempt to encourage the flow of funds to British companies.

British Chancellor of the Exchequer John Haley plans to reverse the decision to reduce the annual limit on Individual Savings Accounts (ISA) from £20,000 to £12,000, according to the Financial Times. It is expected that this will be officially announced as part of the budget presentation on Wednesday. The reduction in the tax-free limit was previously announced by Healey's predecessor as head of the department, Rachel Reeves, in an attempt to encourage the flow of funds to British companies.