Darktrace said the UK's rules were too restrictive

The government could bring a much-needed boost to UK markets with one simple, tax-neutral measure, argues Richard Staveley, manager of UK small-cap investment trust Rockwood Strategic.

ISAs are undoubtedly much loved in the UK, with more than 22m accounts and around £775bn in total assets, which exceeds the amounts saved into defined contribution pension schemes.

Why? It’s plain and simple – the tax break is highly attractive. Investors don’t pay income or capital gains tax on ISAs, meaning that any dividends or profits are tax-free. Compounding returns can be powerful, a key driver to building long-term savings and wealth. However, political tinkering has created a complicated landscape of multiple ISA variants and the original remit o

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