UK Is Considering Tax Relief for Trading in IPOs, FT Reports

The UK government is weighing a plan to exempt shares of newly listed companies from a tax on trading, an attempt to ease what’s seen as a key drag on the City of London, the Financial Times reported.

Two to three years of relief from stamp duties for newly listed companies could be announced by Chancellor of the Exchequer Rachel Reeves when the government’s new budget is released next month, the FT reported Wednesday, citing people familiar with the matter.

Rachel Reeves

Photographer: Chris J. Ratcliffe/Bloomberg

The plan could help revive the UK’s market for initial public offerings, which has fallen to record lows this ...