Stamp duty holiday for new listings

Chancellor Rachel Reeves has introduced a three-year stamp duty holiday for new companies listing in London. This removes the 0.5% tax on shares purchased in newly listed firms for three years following the IPO. Dame Julia Hoggett, CEO of the London Stock Exchange, welcomed the move, saying that it acknowledges the “vital role equity markets play in driving investment, innovation, and job creation,” adding that it is “an important first step in removing the distorting effects of this duty which has historically disincentivised investment in UK companies, especially for retail investors.”