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Chancellor Rachel Reeves will detail her Autumn Budget on Wednesday, November 26, triggering potential "panic" in some savers.

This is likely due to reports the Chancellor will announce the Cash ISA tax free allowance will be slashed.

Currently, people can save £20,000 annually without fear of being taxed on their savings, but this could be about to be cut down to as low as £10,000.

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Savers could “lock in losses” if they "make rash decision" before anything is confirmed. Instead, financial experts say “the smartest move is to stay calm”.

Philly Ponniah, Chartered Wealth Manager at London-based Philly Financial , advised: "Budget week always feels dramatic, but for most people the sm

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