Don’t hold your breath on this one. The idea is that, if you invest in British Bulldog Stocks and Shares, you may get an extra £5,000 of ISA allowance, but how that might work in practice is up for discussion or consultation until 6th June. Give it another few months to be kicked around in the Treasury, an announcement in the autumn statement, quite a while for anyone wanting to offer it to build the appropriate systems and then an election to kick it into touch/the long grass/choose your own idiom. And really, is it any more than a gimmick? What’s needed to encourage investment in our stock market are measures to make it a market on which it is more attractive for big companies to list as, who could have predicted it, we’re rapidly becoming something of a post-Brexit backwater in that respect. Fun Fact: less than 2% of the MP’s Pension Fund is currently invested in the UK. It’s ‘institutional investors’, of which the big pension funds are the most important, which can have rather more effect than the odd £5,000 invested here and there from the odd British ISA. Sorry, it’s a ‘No’ from me.
“FTSE 100 skyrockets and pound rallies as markets react to Labour Party’s landslide victory”
‘Won’t the markets crash if Labour wins? Should we move everything to cash just in case?’ Well, no, apparently not. In fact what markets hate is uncertainty.
