Chancellor just announced a new £5,000 a year British ISA.
What do you think? Good idea or hopeless? 
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I think I will stick to the US market. 
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Without sharing details about your personal finances…
After maxing out your regular ISA and then if you had the money would you invest in the £5,000 a year British ISA?
I can’t reach the £20k/year limit at the moment, so it’s useless to me. I own both UK and worldwide stocks.
I don’t understand how this British ISA can work. Can we buy ETFs under it?! What are the details. I was expecting a simpler ISA system, which is not what is happening.
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If UK investment trusts are in scope then happy days
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Useless to me as i never max the 20k deposit anyway. Probably useful to some rich people though 
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It depends on what it looks like. If anything listed in London goes, I imagine most will end up going to the FTSE 100 and internationally-focused investment trusts. Can’t imagine a few billion of those flows doing anything to help smaller UK company investment.
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If I was in a position to add to the extra £5000 in an ISA I can’t say there is anything I would want to invest in.
I currently see the UK market as stagnant and there needs to be REAL reform with it that can’t be plastered over with a “British ISA” or any other incentive the UK government has tried over the last 20 odd years.
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The real question is… When can we see the new ISA on Freetrade?
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I guess it would benefit FTSE 100/250 stocks the most. IIRC AIM shares are not subject to capital gains so not much point in capping out on them with an ISA.
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Looks like I am in the minority here but it seems like a good idea. Offers additional incentives to invest in the UK economy which is always a good thing.
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I see that point of view but with with generous ISA allowances, currently standing at £20k a year and very generous Pension reliefs.
Who is the target audience for this?
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Investors always chase returns, and returns always come from good profitable businesses. This doesn’t change anything.
5.107 UK ISA – The government will create an additional Individual Savings Account (ISA) with a £5,000 allowance. This would be in addition to the £20,000 that can be subscribed into an ISA. The government will consult on the details.
So it’s an additional 5k allowance for UK only stock? I’d stick in L&G with the 8% dividend.
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Yes, that’s the plan
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We could have sent ARM to the moon if they had listed in the UK… bet they’re regretting that
(sarcasm 
)
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The target audience is clearly for those who love UK companies. The Lgen, Rio Tinto, Bats, fanboys that can earn a little bit extra in dividends in dinosaur companies.
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Can they afford it in addition to the £20k regular ISA and their Pension contributions?
Not everyone is a pauper.
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