Ministers pledge commitment to investment industry

Greg Clark financial secretary to the Treasury and Sajid Javid economic secretary to the Treasury each presented to a room full of delegates from the industry.  Clark (pictured) outlined commitments that the government made to investment management in the Budget in the areas of taxation, regulation and marketing. In terms of taxation he highlighted the abolition of Schedule 19 stamp duty reserve tax, and explained that the government is also consulting on proposals which include allowing UK-based bond funds to pay gross interest where marketed to non-UK residents. In terms of regul...