For now Rachel Reeves has ruled out the reduction of the current £20,000 tax free savings limit, which was facing a cut to only £4,000 a year in line with the Lifetime ISA limit, but has not confirmed whether there could a split between how much can go in cash versus stocks and share ISAs.

It seems that now the chancellor is only considering some tweaks to the current system. However, this only protects the £20,000 as the ISA figure, not clarifying where it can be saved.

This was confirmed on Monday, when the Chancellor told the BBC: ‘I’m not going to reduce the limit of what people can put into an ISA, but I do want people to get better returns on their savings, whether that’s in a pension or in their day to day savings.

‘An