IA comment: Autumn Statement 2023

Commenting on the Autumn Statement, Chris Cummings, chief executive of the Investment Association, said: "The Chancellor’s Statement confirms the importance of investment in powering the UK economy and providing for the financial futures of UK households. We welcome the Government’s continued commitment to reenergise UK capital markets and deliver a competitive, world-leading financial services regulatory environment, and look forward to working with the Government to take these plans forward.”

“Broadening investment opportunities for UK investors, while unlocking more capital for investing productively in the economy is a priority for our industry. We are therefore pleased that the Government has heeded our recommendation to include Long-Term Asset Funds within the Innovative Finance ISA, and hope to see this expanded to the Stocks & Share ISA. This will give UK investors greater access to innovative, high-growth companies and promote long-term investment.”  

For further information, please contact:

Helen Ayres, Head of Communications: [email protected]

T: +44 (0)20 7269 4620

Arianna Schardt, Communications Executive: [email protected]

T: +44 (0)20 7269 4625

Ismail Abdi, Communications Trainee: [email protected]  

T: +44 7596 872575 

IA Press Office: [email protected]

About the Investment Association (IA):

  • The IA champions UK investment management, supporting British savers, investors and businesses. Our 250 members manage £8.8 trillion of assets and the investment management industry supports 126,400 jobs across the UK.
  • Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
  • Our purpose is to ensure investment managers are in the best possible position to:
    • Build people’s resilience to financial adversity
    • Help people achieve their financial aspirations
    • Enable people to maintain a decent standard of living as they grow older
    • Contribute to economic growth through the efficient allocation of capital.
  • The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
  • The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.