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PARLIAMENTARY WRITTEN QUESTION
(26 June 2025)

Question Asked

To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of changes to cash ISAs on (a) house prices and (b) mortgage costs.

Asked by:
Mark Garnier (Conservative)

Answer

HM Treasury does not prepare forecasts for the UK economy. These forecasts, including assessments of the impact of policy decisions on the macroeconomy, are the responsibility of the independent Office for Budget Responsibility (OBR).

The OBR does not typically publish estimates of the impact of individual policies. Instead, the net effect of the government’s policy package is assessed by the OBR.

The Government is looking at options for reforms to ISAs that get the balance right between cash and equities to earn better return for savers, boost the culture of retail investment, and support the growth mission. The Government recognises that cash savings play an important role in helping households build a financial buffer for a rainy day.


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