What is an Isa and how might the rules change?

Chancellor Rachel Reeves is set to announce a budget aimed at addressing the UK's cost of living crisis, a pivotal moment for the Labour government led by Keir Starmer. The budget, scheduled for November 26, is expected to include significant tax increases to cover a £20 billion spending gap and to stabilize the economy amidst lower growth forecasts.

The Labour government is set to unveil a new North Sea Strategy during the upcoming Budget speech, which includes plans to relax drilling restrictions in the North Sea. This announcement is expected to be made by Chancellor Rachel Reeves, highlighting a significant shift in energy policy.

UK Chancellor of the Exchequer Rachel Reeves is set to unveil her second budget on November 26, 2025, after a period of preparation that has included consultations with both bond-market investors and Labour Party backbenchers. This budget is anticipated to address pressing economic challenges, including a potential downgrade in growth forecasts for the next five years due to previous government policies.

The minimum wage for individuals over the age of 21 has been increased to £12.71 per hour, a decision that has been positively received by many. However, experts caution that this increase may not sufficiently address the current cost of living crisis affecting many workers.

The UK is set to see an increase in minimum wage rates, benefiting approximately three and a half million low-paid workers across the country. This adjustment reflects ongoing efforts to improve the financial conditions of the workforce and address living costs.

Chancellor Rachel Reeves is preparing for a crucial budget announcement amid deep unpopularity and concerns from Labour MPs. The upcoming budget, scheduled for November 26, is seen as a pivotal moment for Reeves, who faces pressure to address fiscal challenges while maintaining party support.

Chancellor Rachel Reeves is rumored to be planning a reduction in the cash ISA allowance in the upcoming Autumn Budget, which could significantly hinder savers' ability to accumulate a £1 million cash ISA pot, potentially extending the time required to reach this goal to as long as 48 years.

Chancellor Rachel Reeves is set to unveil her second Autumn Budget on November 26, 2025, amid significant scrutiny and anticipation regarding potential tax hikes and spending cuts. This budget follows extensive consultations with bond-market investors and Labour Party members, reflecting the government's efforts to address pressing economic challenges.