Chancellor of the Exchequer Jeremy Hunt has confirmed the introduction of the widely predicted Great British ISA (GB ISA).
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). The GB ISA will give investors an additional annual allowance of £5,000 a year to invest solely in UK companies. The threshold will be in addition to the current annual ISA allowance of £20,000. Spring Budget 24: UK economy to grow more in 2024 and 2025 than previously forecast The move, Hunt said, came after more than 200 financial services and City executives urged him ...
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