With a deep recession in progress, you might not be rushing to stick your £7,200 annual individual savings account (Isa) allowance into the stock market. After all, the latest figures show that the downturn has hit every sector of the economy except agriculture, and many companies will struggle to get through the coming months.
However, history shows that recessions are often a good time to buy shares. UK stock market valuations are now cheap by past standards. If you can afford to take a medium- to long-term view, there is a strong case for loading up on high-quality shares while they're at current levels or lower.
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