As part of an array of measures aimed at bolstering retail investor participation in capital markets, the GB ISA will “encourage more people to invest in UK assets”, Hunt said in his Spring Budget today (6 March).
Fund managers renew calls for British ISA ahead of Spring Budget
The GB ISA will give investors an additional annual allowance of £5,000 a year to invest solely in UK equities.
The threshold will be in addition to the current annual ISA allowance of £20,000.
The move, Hunt said, came after more than 200 financial services and City executives urged him to unveil ISA ref…
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