Proactive Investors – A Labour government under Kier Starmer will push ahead with the current administration’s plans to implement a British ISA, according a report from City A.M.
Announced by Chancellor Jeremy Hunt in the Spring Budget, the British ISA will give an extra £5,000 annual tax-free ISA allowance restricted to UK-listed stocks only.
The rationale of the plan is to increase domestic investment into British equities at a time when the UK capital markets are struggling to shore up interest from home and abroad.
A source was cited as stating: “Labour has no plans to drop the British ISA. Labour wants to make it as easy as possible for people to feel the benefits of saving and investing their money, including through increased utilisation of stocks and shares ISAs.
“Labour will review the details if we form the next government after the general election. Any decisions we take will be about ensuring value for money for…
