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LSE welcomes decision to abolish stamp duty on ETFs.

London Stock Exchange Group welcomes UK Chancellor George Osborne’s decision to abolish stamp duty on ETFs, as well as his confirmation of the abolition of Stamp Duty on AIM shares from next year…

Removing stamp duty on ETFs and AIM shares, effectively a financial transaction tax, is a powerful signal to investors, particularly retail, that access to our markets is open and transparent. These measures will help to create an environment where growth is centre-stage, businesses can thrive, and most importantly, jobs can continue to be created at a stronger pace than expected.

 

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