UK Finance Minister Reverses Planned Cuts to Tax-Free Savings Allowance
John Healey reversed plans to reduce the annual tax-free limit for cash savings investments, according to the wire report.
British finance minister John Healey on Wednesday reversed plans to slash the amount that people can invest in tax-free cash savings accounts, in a move expected to be welcomed by consumer groups and banks.In his maiden budget, Healey told parliament that the annual, tax-free limit for cash investm…