Spring Budget 2024: What is stamp duty?

City A.M.'s Chief City Reporter Charlie Conchie explains what stamp duty is, and how it affects you. Leading City figures have called on the Chancellor to scrap the stamp duty on buying shares in a bid to boost London’s capital markets and support growth. With concerns growing about the City of London’s competitiveness and the UK’s sluggish economic performance, new research suggests that abolishing the levy in the Spring Budget could increase long-run GDP by somewhere between 0.2 per cent and 0.7 per cent. Get more of City A.M. 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam #tax #springbudget #jeremyhunt #stampduty #uknews #ukeconomy #trendingnews #trending #capitalmarkets #springbudget2024