UK Reform

London, UK – The Conservative Party has launched a pre-emptive strike against what it claims are Labour's plans to, "hike taxes on savers", following reports that Chancellor Rachel Reeves is considering a significant reduction to the tax-free Cash ISA allowance. Currently, British citizens can save up to £20,000 each year in a Cash ISA, completely free from tax on interest earned. This allowance has been a cornerstone of personal finance for millions, widely credited with helping individuals accumulate funds for crucial life milestones such as housing deposits, starting a family, or building a robust 'rainy day' fund. However, according to unnamed sources, Rachel Reeves' Labour Party is reportedly looking to slash this tax-free limit. The Conservative Party has seized on these reports, framing the potential move as a direct attack on diligent savers. "Labour’s want to hike taxes on savers," a Conservative spokesperson stated. "Once again ...