Andy Burnham and John Healy new bank account rules for households with £10,000 savings

NewsCost Of LivingYour MoneyBank account shake-up will come as a blow to savers10:32, 01 Aug 2026New bank account rules planned to come into force next year will impact millions of savers.‌The £20,000 tax-free ISA rate will be cut to £12,000 from April 2027, under measures announced by the previous Chancellor Rachel Reeves.‌This will impact working-age households under 65s, with pensioners being protected from the changes.‌READ MORE: Andy Burnham new £300 charge for drivers of these popular modelsGet breaking news on BirminghamLive WhatsAppIt appears these rules will still come into place under Andy Burnham and new Chancellor John Healey.‌Savers aged under 65 will only be able to put up to £12,000 into cash ISAs.This will impact households with ISAs which currently have over £10,000 in the