00:00 And today, following calls from over 200 representatives of the city and our high-growth sectors, I
00:07 will reform the ISA system to encourage more people to invest in UK assets. After a consultation
00:14 on its implementation, I will introduce a brand-new British ISA, which will allow an
00:20 additional £5,000 annual investment for investments in UK equity with all the tax advantages of
00:27 other ISAs. And this will be on top of the existing ISA allowances, ensure British savers
00:34 can benefit from the growth of the most promising UK businesses, as well as supporting those
00:39 businesses with the capital to expand.
00:41 Thank you.
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