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  1. Innovate Finance calls for policy changes to boost the London IPO market, amid criticism of Reeves' budget policy.

Innovate Finance calls for stamp duty abolition to boost London IPO market

1 report, 1 independent Updated Sun 00:00
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What happened

Some supportReported by 1 outlet

Innovate Finance confirmed Monzo and Revolut as members. Lucy Rigby, the economic secretary to the Treasury, stated the government is continually looking for ways to ensure the financial services sector remains globally competitive. Rigby noted that while the 2025 Budget included a stamp duty holiday for new listings, the government believes capital markets reforms are not complete. Innovate Finance has called for the abolition of stamp duty entirely.

From cityam.com

Why it matters

Some supportBrind's analysis of the reports

The discussion centers on improving the competitiveness of the London IPO market. Lucy Rigby indicated the government is open to further capital markets reforms to enhance listing incentives. This is occurring amid calls from Innovate Finance for significant policy changes, such as abolishing stamp duty.

Innovate Finance is advocating for policy changes aimed at boosting the London IPO market, particularly in response to criticisms regarding the policies in Rachel Reeves' budget.

From cityam.com

Who's involved

  • Innovate FinanceFintech industry body lobbying for policy changes to the London IPO market.
  • Lucy RigbyEconomic secretary to the Treasury discussing capital markets reforms.
  • Rachel ReevesChancellor of the Exchequer whose budget policies are being discussed.
  • MonzoOnline bank and member of Innovate Finance.
  • RevolutFinancial technology company and member of Innovate Finance.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • MonzoSpeculative

    Monzo could see reduced operational costs if stamp duty is abolished.

  • RevolutSpeculative

    Revolut could see reduced operational costs if stamp duty is abolished.

  • London Stock ExchangeSpeculative

    The London Stock Exchange might benefit from increased listing incentives and government support for capital markets.

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Innovate Finance calls for policy changes to boost the London IPO market, amid criticism of Reeves' budget policy. All 1 developments

The entities involved

Coverage

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