00:00And I'm taking a new approach today to encourage people on ordinary incomes to save and to invest.
00:06I will not go ahead with the cuts of the tax-free amount that people can put into a cash
00:12ISA.
00:13The limit will stay at £20,000 per year, tax-free for people of all ages.
00:20And to make investment more accessible, I will work with the sector to create a new starter ISA
00:27to reward first-time investors.
