UK Minister Reverses Planned Cuts to Tax-Free Savings Allowance
Finance minister John Healey reversed plans to reduce the amount people can place in tax-free cash savings accounts, saying he would seek other ways to encourage investment in stocks and shares.
By Kirstin RidleyBritish finance minister John Healey on Wednesday reversed plans to slash the amount that people can put into tax-free cash savings accounts, instead promising to find other ways to incentivise individuals to invest in stocks and shares.The move by Healey is a boon for banks and bu…