Chancellor of the exchequer Jeremy Hunt has confirmed the introduction of the widely predicted Great British ISA (GB ISA).
As part of an array of measures aimed at bolstering retail investor participation in capital markets, the GB ISA will "encourage more people to invest in UK assets", Hunt said in the Spring Budget today (6 March). The GB ISA will give investors an additional annual allowance of £5,000 a year to invest solely in UK equities. The threshold will be in addition to the current annual ISA allowance of £20,000. The move, Hunt said, came after more than 200 financial services and City executives urged him to unveil ISA reforms in his Budget to revive UK capital markets. Chartered Insura...
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