Stamp duty on British shares has to go, says Flutter boss

Stamp duty on British shares has to go, says Flutter boss

Article brief provided by This Is Money
  • Leah Montebello, This Is Money
May 14, 2024 7:58 PM
  • Leah Montebello, This Is Money

Flutter’s boss – who is moving the company’s main stock market listing to New York – said axing stamp duty on share trading would make London more competitive.

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Peter Jackson, chief executive of the gambling company behind Paddy Power and Betfair, said more could be done to bolster the stock market and stop firms fleeing over the Atlantic.

Flutter is ditching its primary listing in London this month and after investors backed its plan to move its main share trading hub to New York.

The move on May 31 will see it leave the FTSE 100. When asked could be done to reignite enthusiasm in the London stock market, Jackson said: ‘How much time do you have?’