Corporate leaders in the UK are advocating for removing stamp duty on share purchases and increasing flexibility in executive compensation to revitalize London’s equity markets. The Confederation of British Industry warns of an existential challenge facing capital markets due to competition from the US and declining public listings. Proposals developed with FTSE 100 leaders include tax reforms, lower barriers for overseas companies to list, and initiatives to foster an equity investment culture among UK retail investors.
The CBI urges bold action to revitalize London’s equity markets, suggesting the removal of share purchase stamp duty and greater flexibility on executive pay.
Corporate leaders emphasize the need to restore London's position as a global financial hub amid rising competition and declining public listings in the UK.
Key proposals include reforming the 0.5% stamp duty on share transactions, which is seen as a burden to retail investors that discourages broader participation.
The report advocates for incentivizing overseas companies to list in London and fostering an equity investment culture among retail investors.
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