Savers will keep the right to put up to £20,000 a year into a cash ISA after Chancellor John Healey scrapped his predecessor’s plan to cut the limit to £12,000.
Healey announced the U-turn at the Budget, telling MPs he would “not go ahead with the cut to the tax-free amount that people can put into a cash ISA”.
He also announced that the Government would work with the industry to create a new “starter ISA” to reward first-time investors.
How you could get right to see what your colleagues earn

Workers could soon have the legal right to know details of their colleagues’ salaries and bonuses under proposals from the UK equality watchdog.
What you need to know
- The Equality and Human Rights Commission (EHRC) said employers should be forced to respond to questionnaires from their employees seeking information about pay if they suspect a colleague is being paid more.
- Employees could request their colleague’s basic salary, working hours, overtime and any bonuses.
- The EHCR recommended it be a legal requirement for employers to answer their workers’ query within a specified timeframe.
Why you could expect more questionnaires at work
- The EHRC’s recommendation came as part of its response to a Government consultation on plans to overhaul equal pay legislation.
- The Government wants to reintroduce statutory questionnaires to help workers resolve disputes and work out whether they have been paid unfairly, without having to resort to lengthy and costly legal proceedings.
- Such questionnaires were previously available under the Equality Act 2010, before being abolished in 2014.
Could this lead to fairer pay?
The EHRC argued that specific pay information needed to determine whether pay discrimination has taken place is in the sole control of the employer. Disclosure through a questionnaire procedure could support early resolution of any disputes


The gender pay gap among full-time employees was 6.8 per cent in April, according to the Office for National Statistics.

Dense fog to cause chaos this week – tips for safe driving
Calmer weather may be on the way after a weekend of brutal storms, but many Britons will still have to contend with dense and stubborn fog.
What to expect
The Met Office has warned that heavy fog conditions will set in later this week.
- Some parts of the south and central parts of the UK could wake up on Thursday to some fairly dense fog patches.
- “They will be quite slow to clear,” the Met Office said.
- “We’re entering that time of year where fog can be quite stubborn to move once it’s formed.”
- After three people were killed as a result of storms over the weekend, the Met Office warned that the main risk of any disruption over the next five days would be from “dense fog patches rather than wind and rain”.
The forecast
With calmer weather, winds will be lighter, causing more mist and fog to form, especially overnight and lingering through the mornings. In some places, fog may not clear at all and make it feel quite chilly.
Much needed rain will also be in short supply. October saw an average amount of rainfall after a summer of drought. Yet some reservoirs are still exceptionally low.
Ahead of the weather, the AA has reissued advice to drivers likely to be affected by fog this week.

The AA’s advice to drivers in fog
- Use dipped headlights, wipers and demisters.
- Use fog lights when you need to, but remember to switch them off once visibility improves.
- Beware of other drivers not using headlights.
- Only drive as fast as conditions allow.
- Slow down so you can stop in the distance you can see clearly.
- Allow three seconds instead of two between you and the car in front.
- Check your mirrors before you slow down.
- Open your window to listen for traffic at junctions if you can’t see.
Tommy Robinson found guilty of harassing two journalists

Far-right activist Tommy Robinson has been convicted of harassing two journalists and causing them to fear violence.
The 43-year-old, whose real name is Stephen Yaxley-Lennon, was labelled a “bully” by prosecutors after freelance reporter Andrew Young and editor Jacob Dirnhuber felt forced to either leave their homes or employ extra security for fear of a “vigilante” attack.
What you need to know

Jurors at Southwark Crown Court found Robinson guilty of both charges of harassment causing fear of violence.
His trial heard how the anti-migrant activist “retaliated” after the and published a story about him “stoking riots from his sunbed” during unrest in the UK in August 2024 following the murders of three girls in Southport.
The back story
- Robinson made a series of posts
about the unfolding situation while
on holiday in Cyprus, prompting the newspaper to send Young and a photographer to the island. - After the published its story, Robinson posted criticisms of Young and Dirnhuber on his X account.


A quick guide to this year’s Budget
This is a Budget for the working people.
Chancellor John Healey today unveiled the long-anticipated Budget, the first for Prime Minister Andy Burnham. Healey called it a Budget “for the working people” as he announced details.
So what are the key takeaways?
Cheaper energy
- This winter, 20 million households in council tax bands A to D will receive a £100 energy payment paid directly into people’s bank accounts – a £2.6bn scheme.
- Gas standing charges will be removed from next year, and similar reforms will follow for electricity.
- The Chancellor says he will remove some levies on energy bills.
- He also extended a VAT cut on electricity to July 2027, cutting £50 off the annual price cap.
Savings and pensions
- The tax-free limit on cash ISAs will stay at £20,000, abandoning plans to reduce it to £12,000.
- “To make the investment more accessible, I will work with the sector to create a new starter ISA to reward first-time investors,” Healey said.

A new pension tax allowance will be introduced. “Pensioners with income up to the value of the full new state pension will not pay income tax in this parliament,” Healey said.
Benefits and paternity leave
- A benefits rule that punished unpaid carers for earning too much is being abolished. Now, if they earn any amount above the threshold set by means-testing (£204 a week), they lose the whole carer’s allowance.
- This will be replaced, Healey announced.
- Self-employed dads and same-sex partners will also be eligible for two weeks’ support worth up to £194 a week.
3.9%
The Chancellor announced a rise in the minimum wage by nearly 3.9 per cent, the same rate for workers aged 18 to 20 years old and those aged 21 and over.
The Chancellor promises to reform non-compete clauses in contracts.
- Healey also said he will extend the fuel duty cut until July 2027.
- Workers using their car to get to work can be reimbursed a greater amount by their employers tax-free – the higher mileage rate will increase from 25p to 35p per mile.
The threshold for small business rate relief will increase from £12,000 to £18,000 for retail, hospitality and leisure.
Healey will also raise taxes on the gambling industry to pay for the changes. A £10m alcohol duty relief will be provided for around 2,000 small British brewers and cider makers.

The two reasons Man Utd have given Carrick shock second chance

Michael Carrick will remain in charge of Manchester United for their weekend trip to Chelsea, despite overseeing the club’s worst start to a top-flight season in 40 years.
A closer look at the detail
Club sources insisted that “Michael and the players will have the opportunity to turn the situation around”, with everyone focused on “showing our response on the pitch”.


Carrick was expected to be relieved of his duties on Monday, with Eddie Howe the frontrunner to take charge. However, after senior executives held a crisis meeting on Monday, Carrick will get a surprise reprieve.
What happened on Monday?
- With the squad on a day off, Carrick was not expected to be at Carrington, as senior figures were sharpening their axe. Instead, there was no white smoke from the boardroom.
- Rumours circled that United were waiting for the afternoon and the New York Stock Exchange to open before making an announcement, but club sources insisted no news would be coming out of the club.

Why has Carrick got another chance?
- Insiders told The i Paper that chief executive Omar Berrada and director of football Jason Wilcox could not make a call on sacking Carrick yet until they believe a suitable successor is lined up.
- Dismissing Carrick will cost the club a considerable amount, so they must be certain the next coach is fully interested.
- One source has claimed that there is a feeling the club needs to stop the cycle of sacking managers.

Why Neil Young is suing Trump campaign for the second time
The Canadian-American singer has filed a $10m (£7.5m) lawsuit against a fundraising committee that supports Donald Trump, citing “unauthorised” use of his music.
What does Young claim?
Young, 80, alleges that the Trump 47 Committee infringed on his copyright when it used his hit song Rockin’ in the Free World before Trump took to the stage at a rally in Ohio on 12 October.
The lawsuit claims the use of the song amounts to an “unauthorised public performance”, and that Young “has not, and would not, grant the required licence”.


A closer look at the lawsuit
The lawsuit said Rockin’ the Free World is “a blistering anthem that contrasts the hollow promises of American political rhetoric with the harsh realities faced by the poor, homeless and forgotten”.

- Young says that the song is “the opposite of everything that Donald J Trump stands for”.
“We have all been here before,” to quote by Young’s former supergroup Crosby, Stills, Nash and Young.
This is the second time Young has sued Trump over use of the song. The singer filed a lawsuit in 2020, which was later settled.


Young’s lawsuit says Trump’s use of the song again breaks the terms of the prior settlement. The new $10m lawsuit also asks for an injunction against further public performance for political purposes.

Why Bolsonaro has fled to the US after Brazilian election
Brazilian senator and opposition candidate Flávio Bolsonaro has left the country for the United States after losing Sunday’s presidential election.
The US State Department is expected to grant him and his family entry visas.
What you need to know
Bolsonaro is yet to concede to the current President and leftist candidate Luiz Inácio Lula da Silva.
The losing right-wing candidate left Brazil amid a probe into alleged money laundering, wrongdoing he has denied. He refused to comply with a supreme court order to surrender his passports.
Bolsonaro is the eldest son of former President Jair Bolsonaro, who is currently under house arrest as part of his 27-year sentence for attempting a coup after losing the 2022 election to Lula.

US via Argentina and Ecuador
Argentina’s migration department said on Wednesday that Bolsonaro and his family had briefly entered the country’s Misiones province on Tuesday night through a road crossing, with valid travel documents
They then boarded a private plane bound for Guayaquil, Ecuador. The current location of Bolsonaro, his wife and two daughters was not immediately clear.


Donald Trump and Argentina’s President Javier Milei have been vocal allies of the Bolsonaro family.
Tense relations
- Bolsonaro’s departure threatens to deepen a rift between Brazil and the US – the two most populous nations in the Americas.
- Lula has accused Washington of colluding with the Bolsonaros to put them back in power.
- Trump told reporters on Wednesday that he would approve of Bolsonaro coming to the US.
- The US President on Monday said the Brazilian vote “looked like another rigged election”.
Like father, like son?
Trump has previously alleged that Jair was a victim of judicial persecution in Brazil.
- The elder Bolsonaro also went to the US after refusing to concede to Lula in 2022, when then US president Joe Biden was in office.
- Lula, speaking in Brasilia, said he had just heard that Flavio had left the country, and called it shameful, saying he should have stayed in Brazil and proved his innocence.
- Bolsonaro had been favored to win Sunday’s presidential election but ended up losing in a shock result.
- Eduardo Bolsonaro, Flavio’s younger brother who lives in the US, said ahead of the vote that an election loss would require a move out of the country.
The election in pictures



Everything we know so far about fatal train crash in Spain

At least 64 people have been killed and 80 injured after two trains collided in Spain this morning, it has been reported.
The trains collided between the towns of Los Yebenes and Urda, in the Toledo province in central Spain. Rail operator, Adif, said the entire line from Madrid to the southern Andalusia region has now been suspended.
What do we know so far?
- The crash involved a high-speed AVE train that had left Madrid bound for Seville and an Iryo train travelling in the opposite direction.
- The Iryo train was reportedly carrying 147 people, while the AVE train was carrying 397.
- The crash comes nine months after Spain’s worst rail disaster in more than a decade.
- In January, two high-speed trains collided near Adamuz in Córdoba, killing more than 40 people.
[I am] shocked by the serious train accident in Toledo…I remain in constant contact with the Minister of Transport, and with the president of Castilla-La Mancha. My affection, solidarity, and support to all the victims and their families.
Pedro Sánchez

The story in pictures



What’s happened
Cash individual savings accounts (ISAs) are savings accounts where the interest you earn is free from income tax.
Everyone gets an annual ISA allowance – currently £20,000 – which can also go into a stocks and shares ISA, where your money is invested in shares, funds or bonds. Gains are tax-free, but you could get back less than you put in.
Since 2014, savers have been free to split their allowance between cash and investments however they like.
But last autumn, former chancellor Rachel Reeves announced that from April 2027, under-65s could put only £12,000 into cash. Budget documents described the change as “part of a wider strategy to develop a retail investment culture”.
Healey has now scrapped the cut, meaning savers can keep putting up to £20,000 into a cash ISA.
What does this U-turn mean for your money?
The decision to scrap plans to cut the annual cash ISA allowance from £20,000 to £12,000 will give savers greater flexibility over where they put their money, experts said.
Jason Hollands, managing director of corporate affairs at Evelyn Partners, described the reversal as “a welcome U-turn”, arguing that cutting the allowance was “a very blunt instrument” to encourage more people to invest. He warned that savers could otherwise have faced greater tax on their hard-earned savings.
Andrew Hagger, founder of Money Comms, also welcomed the move, calling it “great news for savers looking to shelter their cash savings out of reach of HMRC”.
“Saving should be incentivised by the Government to encourage people to build a decent nest egg for their retirement,” he added.
When a cash ISA makes sense
Hagger believes current rates make cash particularly attractive, so locking into a cash ISA for a year or two looks like “a wise move”, he said, adding that some accounts pay interest monthly, which could help savers boost their regular income.
If you want to protect your savings, earn tax-free interest and avoid stock market risk, a cash ISA remains a sensible option. It can be particularly useful for emergency savings, a house deposit or money you expect to spend within the next few years.
If you want access to your money whenever you need it, look for an easy-access cash ISA rather than a fixed-rate account, which may lock your money away for a set period or impose restrictions on withdrawals. Compare interest rates and check whether they are variable or fixed before committing.
When to consider investing
But if you are saving for the longer term, a stocks and shares ISA could offer greater growth potential.
Hagger said: “Stocks and shares is less straightforward at the moment – long term, these tend to outperform cash but there’s a lot of uncertainty at present with geopolitical tensions and a potential AI bubble – so things could be quite bumpy in the short term.”
Investing therefore makes more sense for money you can leave untouched for at least five years and can afford to see fall in value. Returns are not guaranteed, and you could get back less than you invest.
Michael Healy, CEO of IG Consumer, takes a different view on the reported U-turn, arguing that protecting cash ISAs risks encouraging people to hold cash instead of investing for long-term wealth.
Can you do both?
Ultimately, you do not have to choose between the two, experts said.
You can split your annual £20,000 ISA allowance between cash and stocks and shares ISAs. Keep money you need soon in cash, and consider investing for longer-term goals if you are comfortable with the risks.
All of the experts we spoke to warned savers to check the Chancellor’s final announcement before acting on the reported changes.











