UK Chancellor Considering ISA Share Ownership Overhaul, FT Says

Chancellor of the Exchequer Rachel Reeves is considering reforming rules on tax-free individual savings accounts to increase UK share ownership, the Financial Times reported.

Potential measures being mulled include a minimum holding of British companies and a stamp duty tax break, where stocks-and-shares ISAs would be required to hold a certain percentage of UK-listed stocks, backed by a stamp duty break, according to the FT.