<div id="readability-page-1">  <p><time datetime="2025-09-14T10:17:29+01:00">    Sunday 14 September 2025 10:17 am  </time></p>             <figure>    <div>       </div> <img width="742" height="495" src="https://imageproxy.pbkrs.com/https://www.cityam.com/wp-content/uploads/2025/05/007-London-Stock-Exchange.jpg/query-dz03NDI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.cityam.com/wp-content/uploads/2025/05/007-London-Stock-Exchange.jpg/query-dz03NDI"/>  <figcaption>The London Stock Exchange has seen a spate of delistings already this year.</figcaption> </figure> <p>Rachel Reeves has been urged to give a stamp duty holiday for companies when they list on London’s stock exchange as her Taskforce looks for ways to boost the beleaguered bourse. </p><p>Representatives of the chancellor’s listings taskforce, which she set up after her Mansion House speech in July, have floated an up-to-five-year break on stamp duty. </p><p>Stamp duty, which is levied at 0.5 per cent of the value of a transaction when investors buy shares, was described as a “psychological barrier” by Charles Hall, head of research at investment bank Peel Hunt. </p><p>Hall told The Sunday Times that duty relief would address concerns aired by fintechs about the tax on share trading: “A lot of fintechs that are thinking of listing feel very strongly about stamp duty”. </p><p>The City faces competition from America and the UAE for fintech investment, which are both fruitful sources fundraising.</p><p>The capital’s market was dealt a crushing blow after money transfer firm Wise transferred its primary listing to the US as the firm cited the “deeper liquidity” offered in New York.</p><p>It has seen a string of high profile departures already this year, while 88 firms either delisted or transferred their primary listing in 2024 – the biggest exodus since the financial crisis.</p><p>While stamp duty raises about £4bn a year for the Treasury, proponents of the break have argued that London’s extremely low rate of new listings mean that the tax take would be essentially unaffected. </p><p>Sue Noffke, head of UK equities at investment manager Schroders, told The Sunday Times: “There would be a bang for your buck in terms of what it’s signalling. The attractiveness of what it could do for IPOs would be really helpful.”</p><p>Charlie Walker, deputy chief executive of the London Stock Exchange, said stamp duty “disincentives investment in UK companies and “we would welcome a review of stamp duty to make sure it is fit for purpose”.</p><div><p><em>City AM</em> has contacted the Treasury for comment.</p></div> </div>

WISE

<p>呼吁瑞秋·里夫斯实施针对在伦敦证券交易所上市公司的印花税假期，以促进新上市公司在一波退市潮中的增长。该提案包括对 0.5% 的印花税提供为期五年的潜在减免，这被视为考虑上市的金融科技公司面临的障碍。伦敦市场面临来自美国和阿联酋的激烈竞争，近期有多家重要公司撤离，包括 Wise 将其主要上市转移至纽约。支持者认为，这项税收减免可以提高首次公开募股的吸引力，而不会对财政收入产生显著影响</p>

里夫斯被敦促为新上市的股票交易所提供印花税假期