The decision of HM Revenue & Customs to reverse its ban on fractional shares (“HMRC lifts fractional Isa shares ban”, Report, September 4) should provide a welcome fillip to investment at a time when it is badly needed.

In a letter published in the Financial Times, Katharine Arthur, Partner, commented “A simplified tax system is a better and fairer tax system, so this move is unquestionably a positive— and tactical— one from the new government.”

The full letter is available to Financial Times Subscribers here: FT Letter