The Government has abolished the stamp duty on share purchases in newly listed companies. The move is aimed at making London a more attractive destination for investment after one of the quietest years on record for new listings. The change scraps a tax that investors paid when purchasing shares in a company going public. The…
Motoring groups criticised the new tax levied on electric and hybrid vehicles announced in the Budget, which is expected to affect 1.7 million UK motorists from 2028. The new pay-per-mile road charge will be set at 3 pence per mile for electric vehicles and 1.5 pence for plug-in hybrids, meaning that drivers of these vehicles…
The Chancellor has pledged to lower household energy bills by scrapping an earlier scheme designed to improve energy efficiency. Reeves told MPs her proposals would cut the average household bill by £150 from April. She said the current Energy Company Obligation (ECO) scheme, introduced by the Conservatives, “costs households £1.7bn a year on their…
After a period of volatility in the middle of the day bond markets rallied alongside modest gains for sterling. Yields on 10-year government bonds, a source of concern for the government ahead of the budget, have seen a modest rally after a chaotic period in the middle of the day. Market open saw bond yields…