People walking through the City of London on May 29, 2024 in London, England.
The U.K.’s public equity markets have endured a “pretty brutal” past few decades, but it’s the smaller listed companies that have been hit hardest of all.
The number of public companies with a market value under £1 billion ($1.3 billion) has dropped by 31% over the past 20 years, which translates as a net loss of 600 companies, but it is possible to reverse the sector’s “doom loop,” a think tank said on Thursday.
A report published by New Financial in partnership with Abrdn, Euroclear, Winterflood and the Quotes Companies Alliance (QCA) is calling on the government to extend the exemptions from stamp duty, a tax on stock trading, to include shares of all the companies outside of the FTSE 100.
The report comes just weeks before Finance Minister Rachel Reeves presents her first budget on October 30. Although her party had…
