Stamp Duty relief a 'positive' for UK capital markets

Commenting on the changes to stamp duty for new listings announced in the Budget, Toby Price, head of stamp taxes at Deloitte, said:

“The new Stamp Duty relief is positive for IPOs in the UK. From tomorrow, it will reduce the cost of trading shares during the three years after an IPO is launched. Capital markets leaders in the UK have long called for the abolition of Stamp Duty on share trading, so this news will be received positively by the City.”  

Note to editors

Deloitte spokespeople

Deloitte has a range of spokespeople available to comment on today’s Budget. They can be reached on 02920 927541 or one of the following numbers: 

• Ian Stewart – chief economist (+44 7785 682226) 
• Amanda Tickel – head of tax and trade policy (+44 7774 337581) 
• Rachel McEleney – personal tax (+44 7826 952940) 
• Alison Lobb – corporate tax (+44 7887 629107)
• James Caldecourt – trade and tariffs (+44 7774 337581) 
• Michael Nicolaides – employment tax (+44 7586 511104) 
• Simon Down – automotive (+44 7824 895798)
• Helen Kaye – hospitality (+44 7824 895798)
• Sophie Brown – retail (+44 7824 895798)
• Andrew Clarke – VAT (+44 7586 511104)
• Philip Parnell – business rates (+44 7990 434703) 
• Ed Roddis – public sector (+44 7855 399368)
• Toby Price – stamp duty (+44 7990 434703)
• James Clare – carried interest (+44 7586 511104) 

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