Speaking out: Stock Exchange boss Julia Hoggett has described the tax as ‘pernicious’
An influential City group has called on the next government to review stamp duty on shares within 100 days of taking power.
TheCityUK said the tax ‘places the UK at a competitive disadvantage’ as it listed its demands ahead of next month’s election.
Reform of the duty could boost investment in London-listed stocks at a crucial time for the exchange, the financial services body said.
The group joins a chorus of City heavyweights who have called for the levy to be ditched.
The tax charges investors 0.5 per cent when buying British shares but nothing if they put money into foreign firms.
Earlier this week, the head of the Investment Association said…
