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The sluggish UK equity markets are something Hunt is keen to address.
In July, he noted that London lost 44% of its quoted companies between 1997 and 2019.
Recent moves from British companies like Arm to list in the US rather than the UK have spurred moves to make UK markets more attractive for potential IPOs.
In next week’s statement, Hunt is set to revamp both pensions and individual savings accounts to increase the capital available for investment in UK stocks:
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ISAs: In a similar vein, Joe Mayes has the scoop that Hunt is considering letting tax-free individual savings accounts (ISAs) hold fractional shares — the chance to purchase just a portion of a single stock rather than the entire share. That could make investing more accessible.
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