Reeves urged to give stamp duty holiday for fresh stock exchange listings

Rachel Reeves is urged to implement a stamp duty holiday for companies listing on the London Stock Exchange to boost new listings amid a wave of delistings. The proposal includes a potential five-year break on the 0.5% stamp duty, seen as a barrier by fintech firms considering listings. The London market faces stiff competition from the US and UAE, with significant recent departures, including Wise's primary listing transfer to New York. Advocates argue that the tax break could enhance IPO attractiveness without significantly impacting Treasury revenues.