The recent FT Article (https://www.ft.com/content/99b91223-aced-4262-b7ff-356cee84a185) entitled “Reeves looks to include minimum UK shareholding in ISA overhaul. Evolution of abandoned Conservative ‘Brit Isa’ plan also includes stamp duty tax break”, suggests Stocks and Shares ISA investors should be required to hold 50% of their portfolio in UK shares and has, quite rightly, caused a stir.
While the main goal of these proposed changes to stimulate the British economy by encouraging investment in UK companies is a noble one, this particular plan is deeply ...