Jeremy Hunt’s introduction of the Great British ISA (GB ISA) in his Spring Budget yesterday (6 March) has sparked highly contentious debate, polarising industry professionals on the merits or otherwise of the move.
Some have welcomed it with open arms, describing the GB ISA as a "helpful change", which could overturn the lack of fortunes the UK stock market has experienced in recent years. But others have been more critical and sceptical of the wrapper, arguing few investors will be able to actually benefit from the additional £5,000 annual allowance, leading to a marginal change to the level of investment into UK companies at best. At the same time, both sides of the discussion have speculated on what should qualify as a potential investment within the GB ISA, from all and any listed company, t...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
