Jeremy Hunt Turns to Retail Investors to Save the UK Market
- London’s reputation has suffered amid an exodus of companies
- Hunt is due to present his budget to Parliament on March 6
Jeremy Hunt is already looking at various reforms to revive the UK market, which has seen its global financial reputation put into question by Brexit.
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Jeremy Hunt wants UK retail investors to help revive the fortune of the country’s ailing stock market, which has been beset by underperformance, outflows and an exodus of companies.
The Chancellor of the Exchequer is open to the idea of creating a so-called British ISA, a tax-free savings account for investing in UK equities. In addition, government plans to sell a stake in the bailed-out NatWest Group Plc are likely to include a direct pitch to consumers.