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Healey poised to overturn cut to cash Isa allowance in first budget

Chancellor’s predecessor Rachel Reeves had planned to reduce allowance from £20,000 to £12,000 a year from April

John Healey is to use his first budget to ditch plans to slash the annual cash Isa allowance, the Guardian understands, preferring a carrot rather than a stick to encourage people to invest more in shares.

City experts welcomed news that the chancellor will overturn a decision by his predecessor, Rachel Reeves, to cut the allowance from £20,000 to £12,000 a year from April to get more money flowing into UK company stocks.

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© Photograph: Tetiana Chernykova/Alamy

© Photograph: Tetiana Chernykova/Alamy

© Photograph: Tetiana Chernykova/Alamy

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Behind Italy’s Protests: Rising Prices and Sinking Hopes

Inspired in part by French demonstrations, protests in Italy by students in the north and truckers in the south could affect national elections next year.

© Piero Cruciatti/Agence France-Presse — Getty Images

Demonstrators clashed with police in Milan this month.
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Alexander Brothers Sentenced to 30 Years Each for Sex Trafficking

The three siblings used their wealth and influence to lure and sexually assault women for more than a decade. Eleven of the victims spoke on Tuesday before the brothers were sentenced.

© Kent Edwards/Reuters

Alon, Oren and Tal Alexander were arrested in December 2024 and found guilty earlier this year of sex trafficking and other charges.
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