It’s been reported that Jeremy Hunt, the UK Chancellor, has been in talks with finance industry executives to discuss a potentially massive overhaul of the ISA system in the UK in order to simplify it and encourage Brits to invest more into British companies. In this video, I go through all the discussed ideas, critique them and explain why the government deems radical change necessary.
This is not investment advice!
Chapters:
0:00 Introduction
0:46 What is an ISA?
1:26 Combining Cash and Stocks & Shares ISAs
1:58 Fate of Innovative Finance & Lifetime ISAs
3:07 Government Encouraging Domestic Investment
4:02 Additional ISA allowance for UK investments
4:44 British lack of interest in investing
6:19 Risks of Underperformance in UK Equities
7:30 Why Domestic Investment Capital is so Important
8:20 Were Alternatives Explored?
9:02 Stamp Duty Abolition
10.16 Conclusion
