# Healey set to reverse cash Isa allowance cut in first budget

https://mins.news/en/item/118818

- The Guardian, 2026-10-28 09:55 UTC
- Economy
- Original: https://www.theguardian.com/money/2026/oct/28/healey-poised-to-overturn-cut-to-cash-isa-allowance-in-first-budget

> John Healey is expected to use his first budget to abandon plans to reduce the annual cash Isa allowance from £20,000 to £12,000 from April. The previous chancellor, Rachel Reeves, had proposed the cut to channel more money into UK company shares.

## Related coverage

- [UK Budget 2026: Highlights from Healey’s announcement](https://mins.news/en/video/119227) — Bloomberg Television, 2026-10-28
- [UK's Healey to reverse planned cuts to cash ISA allowance, FT reports](https://mins.news/en/item/118242) — Reuters, 2026-10-27