Martin Lewis has shared his thoughts on the Budget following a meeting with Chancellor Rachel Reeves. The money-saving expert interviewed the Chancellor for ITV's The Martin Lewis Money Show Live, airing tonight at 7.30pm.
Mr Lewis gave a brief insight on X, saying: 'On my way back from interviewing the Chancellor... have about 18 mins of budget explainer I want to do. Slightly worried about the maths, but some really interesting stuff.'
Key announcements include freezing tax thresholds for an extra three years from 2028, a 'mansion tax', and abolishing the two-child benefit cap. The cash ISA limit was reduced to £12,000, except for those aged 65 or older, while the £20,000 Stocks and Shares ISA limit remains unchanged.
Mr Lewis commented: 'There's logic in here based on the policy aims. While I would've preferred a carrot, not stick approach – this isn't as bad as it could've been.' He noted the carve-out for over-64s 'makes total sense' after he raised concerns about a blanket cut.
He added: 'What needs to happen along with this is better investment education, easier access to guidance, and better investment incentives for young people.'
