The Treasury is putting the final touches to its much-heralded British ISA as it looks to boost investment in homegrown stocks.
Chancellor Jeremy Hunt announced plans for a separate £5,000 ISA allowance during the Spring Budget in March that would focus on backing British companies.
The idea is to encourage investment in the UK stocks through a dedicated British ISA.
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This would be on top of the £20,000 annual ISA allowance.
It comes as the FTSE 100 hit a record high this week, suggesting the UK market…


