Lib Dems support duty abolition

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The campaign to abolish stamp duty on share transactions is now being backed by the Liberal Democrat...

The campaign to abolish stamp duty on share transactions is now being backed by the Liberal Democrats, writes Pravin Jeyaraj. Ed Davey, the party's Treasury spokesman, said last week: "With the structural changes in global markets, particularly due to the euro and the internet, the case for abolishing stamp duty has grown very strong." The move has been welcomed by internet broker Etrade, which is a supporter of the Stamp Out Stamp Duty campaign. James Marler, managing director of Etrade UK, said: "I agree there is a very strong case. Stamp duty is a significant barrier to online trading ...

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