The shares of the newly listed company are scheduled to excuse the service seal

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The treasury is scheduled to present a conclusion of the new stock market lists in London following the fears of the competitive contradiction to the British public markets.

This measure would exclude investors from the tax by 0.5 percent to buy newly listed companies in the United Kingdom, according to two people with knowledge of the November budget in the United Kingdom.

People said that the exemption is likely to apply for two to three years after floating the stock market in the company. There is already an exemption for shares at the issuance point in a preliminary general offer.

Officials hope that this step will enhance liquidity and motivate companies to include them in London, instead of competing cities such as New York, as well as encouraging more retail investments in the United Kingdom.

The city’s numbers were pressuring the UK advisor Rachel Reeves to help revive the Moribund Life Market in London, which gave up the exchange of Angola, Zagreb and Makat, according to Dealogic data.

Duty Duty’s burden as frustrated by a number of financial technology companies that are thinking about the floating place.

Charles Hall, head of research at Bill Hunt, said that removing the stamp fees on new lists “will not cost the government to do so, because he did not get revenue today and will really reinforce things.”

Hall added that “the conclusion of the closing duty is a tax that ordinary investors pay, but it was not paid by the high -value pure individuals or hedge boxes who use advanced contracts for teams or bares instead.”

“The continuation of the money that you have not yet imposed taxes on brain cells or on public treasures and will be a financial incentive in the UK list,” said Mark Austin, a partner in Latham & Watkins and a member of the Work Squad.

The efforts made to revive the city’s status as a capital lifting center comes amid a long dryness of the menus.

In the year until September, $ 52.8 billion was raised by companies that are included in the New York Stock Exchange and NASDAQ combined, while only $ 210 million of subscriptions were raised in the main markets and stock exchange in London, according to Dealogic data.

The Junior Aim market in London, which is suffering from Duty Duty, brought $ 142 million of menus in the first nine months of this year, compared to $ 68 million in the main place. Throughout Europe, Stockholm is the best place for subscription subscriptions, as companies collect $ 2.9 billion.

LSE had a set of last life with new lists planned from Cosmetic technology group And the princes of canned foods.

Reeves announced at the ManSion House dinner in July that it will support a “Tell SID” advertising campaign to encourage more Britons to buy shares, rather than maintaining their savings in cash.

The advisor is also looking for ways to make her more attractive for project owners in particular to include startups in London. Treasury bankers have urged a tax relief for project owners for public subscription revenues in London, provided that the work and the manager remain in London for a specific period.

Grandees urged the city, including CBI Sir Rupert Soames and Jupiter Asset Management, Matthew Pesley, to completely cancel the stamp fees on UK shares.

Cityuk Lobby Group also called for a sentence of STAMP, on the pretext that “there are no taxes on local stock trading.”

However, the tax last year brought 3.2 billion pounds to the Treasury, which is wrestling with narrow public finances and taxes are expected to raise the November budget to process a large hole in its financial plans.

“We are making the UK the best place in the world for companies to start, expand, stay, and stay, and FTSE 100 continues to trade near high levels at all,” said Treasury.