26th November 2025
Dame Julia Hoggett, CEO, London Stock Exchange plc comments on the stamp duty holiday for IPOs announced during today's Autumn Budget:
“We welcome the Chancellor’s decision to introduce a stamp duty holiday for IPOs for three years, which is a clear acknowledgment of the vital role equity markets play in driving investment, innovation, and job creation. It is also an important first step in removing the distorting effects of this duty which has historically disincentivised investment in UK companies, especially for retail investors.
“This builds on a previous commitment announced by the Chancellor in the 2024 Budget that PISCES transactions will also be exempt from stamp duty. Together, these measures send the right signal that the UK is backing its markets and creating the right conditions to actively incentivise economic activity to remain in the UK.”