From Morningstar:

In the Spring Budget, the UK chancellor announced the launch of a British ISA, starting with an allowance of £5,000. This new tax-free account aims to encourage more investment in UK assets, following recent struggles to maintain UK equities’ popularity.

The British ISA is part of government initiatives to enhance the competitiveness of the UK’s capital markets. UK companies have faced challenges, with some choosing to list in the US. The government also plans to introduce British Savings Bonds next month, offering a fixed interest rate for three years.

The announcement of the “Great British ISA” has sparked mixed reactions. Some experts believe it may boost UK equities but question its impact due to existing stocks and shares ISA options. Others emphasize the need to ensure new rules drive additional UK investment and hope for further changes to support domestic investment and reduce listing “red tape.”



Read more at Morningstar: British ISA Gets Mixed Reviews