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Chancellor Rachel Reeves is preparing to give her Autumn Budget next week, and ahead of it, she has been warned against making changes to the ISA tax-free allowance.

On November 26, the Chancellor will outline the Labour Party Government's second budget, with fears mounting she could target Cash ISAs.

Reeves could slash the current allowance from £20,000 to as low as £10,000 in a move that would be a serious blow to those that rely on Cash ISAs for savings.

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New research from Nottingham Building Society (NBS) showed that 44% of savers do not save regularly, while almost half of over-60s (47%) prefer Cash ISAs.

Two-thirds of fixed-rate ISA customers at NBS used their full £20,000 all

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