Submitted by Jonathan Benarroch on Friday 23rd September 2022
Published on Wednesday 28th September 2022
Current status: Closed
Closed: Tuesday 28th March 2023
Signatures: 13
Increase the annual ISA allowance for investments within the UK market
The general ISA allowance should remain at £20,000 despite inflation rising. However, a new type of ISA called the UK stocks and shares ISA should be launched with an increased £40,000 annual limit. This ISA only permits investment within UK listed stocks and bonds.
The domestic FTSE 100 index has continuously lagged it's peers in recent years. UK investors and UK pension funds who naturally have a home bias, would likely have seen below average returns in the last few years. Compounding this problem, UK firms are increasingly choosing to list abroad due to better company valuations. This can lead to a negative spiral where more UK investors choose to invest their capital in overseas markets and we loose out on opportunities at home.
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3.22.119.251 Wed, 08 May 2024 03:12:49 +0100
