The London stock market faces the risk of irrelevance if government and regulatory reforms are not enacted, as emphasized in a report by the Confederation of British Industry (CBI). Key recommendations include tax breaks for IPO expenses, which would make flotations more appealing and enhance cash availability for reinvestment. The UK public equity markets are experiencing a pivotal moment, with diminishing domestic capital and sluggish new listings. Competition from foreign markets is increasing, and CBI suggests using uncertainty in the US as a chance to attract more companies to list in London.
The London stock market risks drifting into irrelevance without government and regulatory reforms, according to the Confederation of British Industry (CBI). Tax breaks for stock market listings and looser bonus rules for directors are among 20 recommendations aimed at ensuring the success of the London Stock Exchange.
With domestic capital shifting away from UK equities and IPO listings slowing, the UK is at a pivotal moment for its public equity markets, highlighting the need for financial incentives and marketing campaigns.
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