Share Dealing Stamp Duty

Published / Last Updated on 15/10/2006

The recent proposals from shadow Chancellor George Osbourne that stamp duty on share dealing would be scrapped has received criticism from the industry.

The shadow Chancellor believes that the abolition of stamp duty will increase competitiveness and lift retirement savings.

Our view

We share the rest of the industry’s scepticism on this one. Abolishing stamp duty is not going to make people save more for retirement. Nice try though!

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