The City Throws a Party for Cash ISA Reversal – No More Cutting Back

The London financial district welcomed Chancellor John Healey’s promise to reverse the cash ISA allowance cut, prompting a quick celebration among City firms and savers.

The announcement was met with cheers from brokers and bankers, and a few people who actually read the budget.

By the end of the day, firms were already talking about encouraging staff to make the most of the restored allowance.

The reversal is part of a broader strategy to keep the City humming and support the pound.

Critics argue the move is more about optics than substance, but accountants are already updating their spreadsheets.

The chancellor’s next steps remain to be seen, though some joke he might soon propose a tax break for coffee shops.