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UK Chancellor halts ISAs reductions after backlash

July 13th 2025

Rachel Reeves, UK Chancellor, announced reductions to allowance for tax-free cash savings in a push to get the public to allocate more funds into stocks and shares to boost the economy. However, backlash from building societies and banks has led to these plans being shelved.

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UK Chancellor halts ISAs reductions after backlash

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Ageras makes 8th acquisition with payroll company Employes

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Binance launches Sharia Earn, an Islamic banking-aligned token

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Nationwide taps Microsoft and Accenture for GenAI-powered cybersecurity

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FCA closes 1600 websites in fight against financial crime

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Propel Venture Partners closes $100m fund

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Judge dismisses antitrust suit against Apple, Visa and Mastercard

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Deutsche Bank goes live with Swift Instant Cash Reporting

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Alternative investment platform iCapital raises $820m

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Ant International takes aim at stablecoins; integration with USDC on the cards

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US fintech Alpaca to acquire WealthKernel

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Revolut to seek $65 billion valuation in new funding round

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Australia to commence multiple trials of tokenised asset settlement and CBDC

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Wise hit with $4.2 million fine by multiple US states for AML deficiencies

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AIB rolls out Microsoft Copilot to 10,000 employees

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Ripple picks BNY for stablecoin custody

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Moment raises $36m to automate fixed income

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Bank of England fines Vocalink over compliance failure

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Clarity AI buys sustainability fintech ecolytiq

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Ziglu enters administration

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