Dozens of City bosses including Sir Jonathan Symonds and Julia Hoggett have backed the proposal for a “British ISA” , which would see tax-free savings rules changed to encourage investment in UK firms.
In a letter to Chancellor Jeremy Hunt, the Capital Markets Industry Taskforce called for more reforms to allow for greater investment in UK-listed companies. As well as Hoggett, who chairs the task force, and Symonds, the letter was signed by big City names including Legal and General CEO Sir Nigel Wilson, HSBC chief Noel Quinn, Vodafone boss Margherita Della Valle and Burberry and Tesco chair Gerry Murphy.
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