The Chancellor has announced a three-month consultation on the new form of ISA which must be invested in British stocks
The policy – which allows savers toInstead it will be subject to aExperts have said that the most likely time for the UK ISA to become available is April 2025, the start of the tax year after next.
The UK ISA will come on top of the existing £20,000 annual allowance which can be used for a cash savings account or for any stocks and shares. It will be offered by private firms rather than directly through the Government.understands, but changed his mind after being told that doing so would reduce his “headroom” – the difference between the level of Government borrowing and the maximum allowed under his fiscal rules.
Sir Keir Starmer has accused the Conservatives of making other unfunded pledges around the Budget, including the “ambition” of abolishing national insurance contributions over time which would cost more than £40bn a year.