'Helpful change' or 'political stunt'?: The debate on the Great British ISA and what investments should qualify

Spring Budget 2024

Jeremy Hunt’s introduction of the Great British ISA (GB ISA) in his Spring Budget yesterday (6 March) has sparked highly contentious debate, polarising industry professionals on the merits or otherwise of the move.

Some have welcomed it with open arms, describing the GB ISA as a "helpful change", which could overturn the lack of fortunes the UK stock market has experienced in recent years. Spring Budget 24: Chancellor unveils Great British ISA following calls from industry But others have been more critical and sceptical of the wrapper, arguing few investors will be able to actually benefit from the additional £5,000 annual allowance, leading to a marginal change to the level of investment into UK companies at best. At the same time, both sides of the discussion have speculated on what should...