The UK launched a 3-year stamp duty holiday on new IPO shares to boost London’s market and growth.

The UK government introduced a three-year stamp duty holiday on new UK IPO shares to boost London’s stock market and support economic growth, with financial analysts calling it a positive step. The move, part of a broader Budget aimed at revitalizing capital markets, also shifts £8,000 of the ISA allowance to stocks and shares. While IPO activity has revived with recent listings, a 2% dividend tax rise has drawn criticism. The London Stock Exchange welcomed the changes, and Peel Hunt reported strong profits and active deal-making despite a nearly 10% workforce reduction.