British ISA plan scrapped: Comment

British ISA plan scrapped: Comment from Dan Moczulski, eToro:

 
“The BRISA may have split opinion, but I think there is unanimous consensus that more needs to be done to stimulate investment in the UK, reinvigorate our capital markets and get more people investing as well as just saving. The UK is a leader in financial services, yet when it comes to the number of households invested in capital markets, we are miles behind the US.

“We need to find ways to get people investing and part of this is about creating a stable and appealing investing environment, with the right incentives. Yet in the last two years, we’ve seen the capital gains allowance cut twice and we’re now facing the prospect of a capital gains tax raid in the upcoming Budget. I would like to see the new government begin to show their cards on this issue and give us a roadmap for how they will support retail investing in the UK.”