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Stamp duty on shares is ‘biggest handbrake’ says UK bank chief
Summary by City AM
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1 Articles
Stamp duty on shares is ‘biggest handbrake’ says UK bank chief
The boss of a London-listed bank and former Labour party donor has called for stamp duty on shares to be ditched in the Autumn Budget to boost trading from retail investors. Ian Corfield, the boss of Secure Trust Bank, told City AM one of the firm’s “biggest challenges is trying to generate liquidity into the stock”. The bank chief spent five months as the Treasury’s director of investment once Labour came to power in 2024, but stepped down foll…
·London, United Kingdom
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