Tuesday, November 5, 2024

Will Labour scrap the British ISA?

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Rachel Reeves looks set to scrap the British ISA, according to reports, after it was originally proposed in the Conservative Spring Budget to try and attract more investment into UK companies.

The Financial Times has reported that sources close to Labour believe the British ISA complicated the investment market and that Reeves will now officially drop the plan. There were already rumours circulating before the General Election went ahead that the British ISA would be ditched.

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