Budget 2014: What does the Money Saving Expert think?

Martin Lewis gives his take on the Budget which saw George Osborne raise the tax-free ISA cap to £15,000

Money-saving guru Martin Lewis hailed the increase in the ISA allowance as "a genuine boon for savers"

Mr Osborne also announced that cash and stocks and shares balances can be transferred to each other.

Martin Lewis said the move by the Chancellor was "canny".

"He's managed to do a giveaway without it costing him very much money at all before the next general election.

"The reason for that is quite simple. Even a year ago the best buy easy cash ISAs were paying 2.75%. Now they pay just 1.65%. So increasing the ISA limit isn't actually giving that much away."