While the ‘GB ISA’ never got off the ground a wider culture of investing in the UK could be about to take flight, writes Laura Suter
One of the concepts that some were trying to get off the ground before the Autumn Statement was a GB ISA. This was the idea that a new ISA would be created and have its own annual allowance, but the money could only be invested in UK shares. The thinking is that it would increase investment in the UK - and therefore provide a boost to UK businesses and the economy. But having an additional £5,000 allowance for yet another ISA would have added even more complexity to the ISA system. And thankfully the proposal appears to have been consigned to the policy dustbin - with not a whiff of a...
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