Martin Lewis on GMB

Money saving guru Martin Lewis has criticised the government's new cash ISA policy, which he believes is a "wrong move" that will impact millions of people looking to save. The TV presenter discussed the 2025 budget on Good Morning Britain today.

Among other measures, Chancellor Rachel Reeves revealed a reduction in the cash ISA limit, allowing people to save £12,000 in cash ISAs and £8,000 in investments. An Individual Savings Account is a type of savings account where any interest earned is tax-free.

During his appearance on Good Morning Britain today, Martin said: "So I think cutting the cash ISA is the wrong move but the cash ISA is to be cut.

"It's from April 2027. The maximum amount you'll be able to put in a cash ISA each year will drop from £20,000 to

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