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Martin Lewis sat down with Chancellor Rachel Reeves for a special episode of his eponymously titled ITV show last night (Thursday, November 27).

One of the biggest topics the pair discussed was the change confirmed in the Autumn Budget for Cash ISAs.

Currently the annual tax-free allowance stands at £20,000, but from April 1, 2027, that will be slashed to £12,000.

READ MORE: Everything you should know as £575 extra confirmed for millions of state pensioners

Instead, the remaining £8,000 can now be put in Stocks and Shares ISA, in a move the Chancellor is hoping will enournage younger savers to invest.

Martin said: “In a meeting with the Chancellor two weeks ago, I knew the writing was on the wall and this was happening - I think this is the wrong way to do it by the way

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