Plans for British ISA widely welcomed — but not enough to rescue stock market

“The introduction of the British ISA is bound to be taken up with enthusiasm by those who have already maxed out their £20 000 annual allowance, but will do little to encourage new investors into the market. Without a reform of stamp duty on share purchases, the UK market is uncompetitive, particularly for those with smaller portfolios. The concept of the British ISA is great, but is not innovative enough to bring substantial new money into the market.”