Investment platforms rejoice as Labour looks to scrap Great British ISA

According to the FT, Labour is planning to abandon the current Great British ISA campaign, a U-turn on its election pledge when a Labour spokesperson said the party had "no plans to drop the British ISA". The Great British ISA was a headline policy of the former government's Spring Budget, and was proposed as a way to boost retail investment in the UK market, with account holders given an additional £5,000 a year to invest solely in UK companies. This would have been in addition to the current annual ISA allowance of £20,000. At the time, the measure was met with mixed reviews from...