Jeremy Hunt has confirmed that the government will create a tax-free British Isa as part of efforts to encourage more investment in UK companies and offset anxiety over foundering interest in London’s stock market.
The chancellor’s heavily trailed scheme to create a British Isa – or individual savings account – could allow consumers to plough up to £5,000 into UK businesses, including stocks and debt, without having to pay capital gains tax on any money made on those investments.
