Fund managers renew calls for British ISA ahead of Spring Budget

Collective letter to The Times

Fund managers collectively managing over £100m in assets have renewed calls for Chancellor Jeremy Hunt to introduce a British ISA in next week’s Spring Budget.

In a joint letter to The Times, the signatories said the introduction of a British ISA in the Budget, replacing the existing ISA, would be "a simple, powerful and easily implemented solution to kickstart the revitalisation of the UK equity market". The letter's signatories included Liontrust Asset Management's CEO John Ions, Gresham House managing director Ken Wotton, head of Downing Fund Managers Judith MacKenzie, Octopus Investments fund manager Richard Power and Peel Hunt CEO Steven Fine, as well as the House of Lords' Ros Altmann. Premier Miton calls for increased ISA allowance to...