'Axe stamp duty' calls gather pace

Research from Oxera suggests stamp duty on share transactions is damaging the economy, eroding pensions and savings, and hitting the investment industry. The report ‘Stamp duty: its impact and the benefits of its abolition’, which was commissioned by the Association of British Insurers (ABI), the City of London Corporation, the Investment Management Association (IMA) and the London Stock Exchange, suggests stamp duty is being paid by ordinary people whose savings and investments are being reduced as a result. It suggests stamp duty, a government levy of 0.5% on purchases of shares of UK l...