PP13: Green ISA

This is a Tory idea, which I wish to steal. A green ISA. This would be a tax-free savings account, which invests savings into environmentally friendly companies. Green companies have repeatedly recorded above average growth rates and hence are already a reasonably attractive bet to many investors. However as the world economy leaps, stalls and staggers – as I suspect it will do in the upcoming decade – the new and untested eco-industries could be the first to see their funding dry up.

By introducing this tax free ISA we could simultaneously encourage people to save more – and free up more cash to fuel this vitally important industry.