Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will take steps to allow fractional shares to be included in the new British ISA.

The government is committed to ensuring people have the opportunity to invest in a diverse range of investment types through their ISAs. As announced at Autumn Statement 2023 and confirmed at Spring Budget 2024, this includes certain fractional share contracts.

The government is working as quickly as possible to bring forward legislation to include certain fractional share contracts in ISAs by the end of the summer following detailed engagement with industry and the FCA.

The government is also consulting on the design and implementation of the UK ISA, including eligible investments, and welcomes responses from stakeholders before the deadline of 6th June.