Peel Hunt boss renews calls for tax relief to rescue public markets

How can we boost public markets?

Save “This House believes growing companies best thrive on public markets” was the motion for the recent Quoted Companies Alliance (QCA) City Debate. What really thrived, however, were questions that need an answer if UK public markets are to prosper. One sensed the view of most there—irrespective of which side of the argument they supported—was that public markets were not working as we would like. Indeed, if this was not the case, why would th…

Peel Hunt boss renews calls for tax relief to rescue public markets

The boss of City broker Peel Hunt has called for a raft of fresh tax cuts for London’s stock market to help stem the flood of delistings and end the dearth of flotations. CEO Steven Fine called for stamp duty on share trades to be abolished in a bid to help “shift this doomloop of negativity that seems to pervade the country.” Hunt also called for the restoration of dividends tax credits for pension funds investing in UK equities, which were abo…