One development I am hoping we do not see is the introduction of a “Great British ISA”, which was mooted in the run up to the Autumn Statement.
The proposal was that a further £5,000 Isa allowance would be granted in addition to the current £20,000, but it would only be possible to purchase shares in UK-listed companies using those funds.
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I fear this would only bring further complexity for investors by adding to a growing suite of Isa types.
More importantly, the focus of Isa changes should be on boosting outcomes for British investors, not British businesses. If we lose sight of that, we run the risk of tarnishing the Isa brand, and that will benefit no one.
Martin Jones is technical manager at AJ Bell
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