Cash ISA saving falls by a third as tax rules change

There has been a dramatic drop in the number of Cash ISAs being opened and in the amount saved in the wake of the Brexit vote.It represents a reduction of 33% on the previous tax year, HM Revenue & Customs (HMRC) said, at a time when other data has shown household saving rates hitting all-time lows during 2017 as prices rise at a higher rate than wages.Financial analysts blamed the introduction of the personal savings allowance last year, which allows basic rate taxpayers to receive only &po