We must axe stamp 義務 on 株 to 生き返らせる the UK market: says Interactive 投資家 boss RICHARD WILSON

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The London 在庫／株 交流s have been an engine for growth and 革新 for 250 years.?

London has been the 主要な 財政上の centre in the world for much of that time. Now, however, it is in 拒絶する／低下する.

We are 税金ing the 在庫／株 交流 out of 存在. We 税金 every 購入（する） on the main London market 0.5 per cent (a 税金 さもなければ known as the stamp 義務 reserve 税金 ? SDRT).?

‘Not a lot,’ you might say. Yet, it’s 2.5 times higher than European Union countries 告発（する），告訴（する）／料金.?New York - our main competitor - does not 告発（する），告訴（する）／料金 at all.?

Time for change: We need to 捨てる stamp 義務 on 株, says Interactive 投資家 boss

But it’s just a rich person’s problem, 権利? Wrong. It’s everyone’s problem.?

Why? Markets live on flow, or in other words - on ‘liquidity’. If you 税金 one market and not the others, the flow leaves to the markets with no 税金.?

As this happens, the 'buy' and 'sell' prices get その上の apart (also known as the spread) which 減ずるs the value o f the 株 compared to the untaxed markets, and this 加速するs the 過程. 自然に, the more agile and dynamic 商売／仕事s move first.

The result? Step-by-step the market decays and with it the 職業s, talent, 革新, and growth with it. All pretty obvious really.

As the 長，指導者 (n)役員／(a)執行力のある of the UK’s second largest 投資 壇・綱領・公約, I cannot have this conversation without also 輪郭（を描く）ing the detrimental 衝撃 this 税金 has for end-投資家s.?

最終的に, it is a needless 障壁 to 投資するing and より悪くするs end-投資家 short and long-称する，呼ぶ／期間／用語 結果s.

Why is it that stamp 義務 on UK 株 remains 不変の in １０年間s, but other 投資するing costs have fallen 劇的な? Why are we penalising 投資家s for 投資するing in UK 株, 特に at a time when we want to encourage more of them to ‘支援する Britain’? It 簡単に does not make sense.

This 税金 意味ありげに 追加するs to the costs of 投資するing for 小売 投資家s. To illustrate, in 2023, the 普通の／平均（する） 量 paid by an ii 顧客 on stamp 義務 on UK 公正，普通株主権s was £223, and a その上の £131 on UK 信用s.?

The total stamp 義務 税金 paid by our 顧客s was a staggering £27.5million. These costs 追加する up, both in the here and now but also, crucially, in the 未来.?

Costs 事柄 hugely when it comes to 投資するing as they 構内／化合物 over time ? a stamp 義務 税金 paid to the 政府 代表するs foregone 構内／化合物d 投資 returns in the years to come.?

It means UK 投資家s are 支払う／賃金ing over the 半端物s to ‘支援する Britain’ and it makes it harder for them to reach their 財政上の goals. A lose-lose. Surely, that is not what we want.

We need the 政府 to recognise just how important this problem is, not only for the health of our markets, but also for our nation of 投資家s.

The 政府 says it cannot afford to stop the 税金, to 'Stop the Stamp.' The 厳しい reality, however, is that we cannot afford not to!?

If we 行為／法令／行動する now, I believe it will 速く 支払う／賃金 支援する in 雇用 and growth. If we don’t, we will continue to see the best companies and talent leave.

For now then, do not be surprised to read that the UK 株式市場 ‘looks cheap’, or that yet another tech 会社／堅い is 名簿（に載せる）／表（にあげる）ing in New York, or that the UK is overweight on ‘old’ 産業s.?

We must see a stop to this corrosive 税金 and 許す the London market to 回復する its position and support the growth of the UK as the best place to do 商売／仕事.