Premier Miton calls for increased ISA allowance to boost UK investment

£5,000 ringfenced for UK equities

Premier Miton has proposed a £5,000 increase to the annual ISA allowance, with the caveat that the money can only be invested into UK equities.

The proposed ‘Great British ISA' would be added to the current £20,000 ISA allowance and only be investable in UK equities, in order to boost investment into the UK. Numis: FTSE leaders bullish on revival of UK listings The firm argued the ‘GB ISA' would provide an attractive listing environment for UK start-ups and private companies to remain in the UK, as there would be a guaranteed pool of investment. Premier Miton added the GB ISA could "drastically drive down the cost of capital and deepen liquidity", which could support improve company valuations. It also argued the produc...