The government is consulting on plans to expand the range of shares that are eligible for a stocks and shares ISA.
As outlined in last year's Autumn Statement, the government wishes to permit company shares traded on a wider range of equity markets to be eligible for a stocks and shares ISA, including markets with a component of smaller company shares. The government said the policy could lead to an important capital injection for small to medium-sized enterprise (SME) equity markets and encourage more investment in growing businesses. Economic Secretary to the Treasury Sajid Javid said: "Access to finance for smaller growing companies is key to promoting private investment and delivering a susta...
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