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Rachel Reeves to announce cash Isa cut

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Summary
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71% Informative

Rachel Reeves is poised to announce a cut to the annual tax-free cash Isa allowance. The Chancellor is expected to confirm that she will reduce the 20,000 cap on the amount that can be shielded from tax in cash Isas each year in her Mansion House speech on July 15 . Ms Reeves confirmed last month that she had no plans to reduce the total amount that can be paid into Isa products each year. However, the cash Isa limit is understood to still be under threat, with the Chancellor having previously been urged by City bosses to reduce the allowance to as little as 4,000 ..

VR Score

67

Informative language

62

Neutral language

61

Article tone

formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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