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Rachel Reeves is expected to make major changes to cash ISA rules at the Budget on Wednesday.

Experts have warned it's a blow for savers, amid speculation the existing £20,000 tax-free ISA allowance will be slashed to £10,000.

The change would limit the amount savers can put into their ISAs before being taxed.

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The Treasury hopes this will encourage more people to invest in stocks and shares instead, providing a boost to the economy.

There has been a surge in the number of ISAs being opened in recent months, with nervy savers looking to take advantage of current rates before potential changes come into effect.

Chris Irwin,

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