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On the eve of the upcoming Budget announcement, Chancellor Rachel Reeves has called on Labour MPs to unite in support of her forthcoming fiscal plans. According to The Times, Reeves criticized what she described as “misogynist critics” and expressed frustration over pre-Budget leaks that she said had been “incredibly destabilising.” The paper highlights her remarks made during an address in the Commons, emphasizing her plea for solidarity within the party.
The Daily Mail reports a significant change in savings policy that Reeves is expected to announce, with a reduction in the annual cash Individual Savings Account (Isa) allowance from £20,000 down to £12,000. This move may adversely affect savers, potentially leading to increased mortgage rates. The Chancellor is anticipated to argue her case by suggesting that billions held in cash savings could yield better returns if channeled into riskier stock market investments rather than sitting inactive in savings accounts.
Another controversial measure likely to be included in the Budget is a proposed
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