The economy has stagnated, foreign investment has collapsed, the non-doms have fled and the entrepreneurs are following them. Meanwhile, Labour backbenchers are clamouring for more spending. Not much has been going right for the Chancellor Rachel Reeves. But she has a grand new plan: increase taxes on saving.

Reeves has been reduced to scrabbling around for money wherever she can find it

Reeves is expected to announce later this month that the amount that can be put into a tax-free cash Isa every year will be slashed from the current £20,000 to as little as £4,000, and perhaps even........

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