Plans for a British ISA to encourage investment in London-listed stocks 'scrapped by the government'...

Plans for a British Isa have reportedly been scrapped by the Government even thought it insisted it would not do so only months ago.

The plans were drawn up by the previous Conservative government during the spring Budget earlier this yearThe plans were drawn up by the previous Conservative government during the spring Budget earlier this year. RELATED ARTICLES Share this article Share Shaun Moore, tax and financial planning expert at Quilter, said: 'Labour's reported scrapping of plans to create a British Isa is a sensible move... If the British Isa did see the light of day, it would have further muddied the water.

Summersgill said changing the allowance to £25,000 would boost investment. Currently, savers can only invest up to £20,000 a year into Isa accounts.

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Plans for a British ISA to encourage investment in London-listed stocks 'scrapped by the government'...The Government is said to be planning to drop plans for a British Isa over fears it could 'complicate' the market.
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