The sales organization urges reeves to maintain ISAS species

The Buildings Societies Association expressed its opposition to any potential change in cash Isas.

In a letter to Chancellor Rachel Reeves, the association pleaded for products which, according to him, play an essential role on the savings market.

It comes after The financial times revealed At the end of January, Reeves was putting pressure to reduce tax lounges for cash ISAS to channel money into stocks and stimulate British financial services.

The director general of the Building Societies Association, Robin Fieth, wrote: “The involvement made by many of those who call borders on ISAS species is that economies are inactive and do not support economic growth.

“But banks, construction companies, credit cooperatives and other suppliers use deposits to finance loans to households and businesses.