Saving for a sustainable future
|09 May 2012|
The government gives up to £40 billion per year in tax effort for ISAs, pension contributions, venture capital and property investment, encouraging saving and investments. Yet, there is nothing attached to these subsidies to encourage responsible or sustainable investment.
This report demonstrates how these powerful levers can be used to build a stronger, more sustainable economy. It suggest that policy makers, the public and the financial services industry need to consider and debate seriously a new principle that, in return for tax relief and implicit subsidy, savers and investors should be able to demonstrate a contribution to the public good.