Considerable airtime was given by Gordon Brown to issues that have a direct impact on socially responsible investment. There can be no doubt that environmental challen-ges are here to stay and that astute businesses and investors can benefit greatly.
The Chancellor’s aim to make the UK the centre for carbon trading and the emphasis on green technologies to combat climate change and the domestic level zero stamp duty on zero-carbon homes all reinforce this.
There will be investment opportunities for specialist funds investing in new technologies and possibly even in North Sea carbon capture.
Some of these SRI investments can attract the big amounts built up in cash Isas. A simplification of the Isa regime is welcome. The legacy situation of Peps and Tessas is due for an overhaul and as much ability to move asset classes within an overall tax beneficial wrapper is to be encouraged.