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Business & Economics

Cash Isas: Plans to cut tax-free allowance on hold after backlash

BBC
Summary
Nutrition label

83% Informative

Chancellor Rachel Reeves was thought to be considering reducing the allowance for tax-free cash savings.

Banks, building societies and consumer campaigners had strong opposition.

Treasury wants to encourage more investment in stocks and shares, but without changing the rules on cash Isas .

Building Societies Association welcomes Treasury stepping back from making "hasty decisions".

VR Score

89

Informative language

90

Neutral language

47

Article tone

formal

Language

English

Language complexity

57

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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