Is it worth backing Britain through your savings?

With a British ISA and savings bond unveiled in the Spring Budget, does it pay to be patriotic?

British savings: fish and chips on union flag wrapping
The government wants to incentivise more investment in Britain to feed the economy
(Image credit: Getty Images/Image Source)

Instead of nodding to your nationality by eating fish and chips or complaining about the weather, now you can put your money where your mouth is when it comes to backing Britain.

Chancellor Jeremy Hunt used part of his Spring Budget last week to boost investment in the UK. This included the launch of a British ISA and a new British Savings Bond.

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Marc Shoffman is an NCTJ-qualified award-winning freelance journalist, specialising in business, property and personal finance. He has a BA in multimedia journalism from Bournemouth University and a master’s in financial journalism from City University, London. His career began at FT Business trade publication Financial Adviser, during the 2008 banking crash. In 2013, he moved to MailOnline’s personal finance section This is Money, where he covered topics ranging from mortgages and pensions to investments and even a bit of Bitcoin. Since going freelance in 2016, his work has appeared in MoneyWeek, The Times, The Mail on Sunday and on the i news site.