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The new Cash ISA limit has been leaked - and it's not £10,000. The new cash ISA limit is set to be introduced by Labour Party Chancellor Rachel Reeves in the Autumn Budget on November 26, it has been reported.

According to reports, the Treasury have settled on a new figure of £12,000 rather than the initially proposed £10,000 cap. The £12,000 figure has gained traction within Treasury circles as a more palatable option.

Andrew Gall, head of savings at the Building Societies Association, said: "We support efforts to help more people to invest and grow their wealth, especially in the UK, but cutting the cash ISA limit simply won't achieve this."

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He added: "It would undermine one of Britain’s most

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