Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of recent and proposed changes to ISAs on the complexity of the savings landscape and household saving behaviour.

This is about making people’s savings work harder for them and for the economy. The UK has the lowest level of retail investment in the G7, with fewer than 1 in 10 people owning shares compared to 1 in 5 back in 1990. In Sweden, that figure rises to 2 in 5 people currently.

That is why the government is keeping the full £20,000 ISA allowance for investment and setting the cash ISA limit at £12,000 from April 2027.

This is part of our wider strategy aimed at supporting people to get into investing, including Targeted Support, which will be available from April 2026.

The OBR have provided a forecast of household saving in their November Economic and Fiscal Outlook