Financial Services
Fintechs urge the Treasury to scrap share stamp duty entirely, not just pause it
Source: City AM, 09 Sep 2026
Innovate Finance, whose members include Revolut, Monzo and Zilch, has called on the Treasury to scrap the UK's 0.5 per cent stamp duty on shares entirely, arguing that the three-year listing holiday introduced in the 2025 Budget has not yet produced a wave of new IPOs. The levy raised £4.3bn for HMRC in the past financial year, up 35 per cent on the year before.
The pitch is a lesson in advocacy communications. Rather than lead with a vague complaint about competitiveness, Innovate Finance leads with one hard number and one quotable line: "Now is the time to abolish stamp duty on UK listed shares in entirety." It is blunt and impossible to misread, exactly what a trade body needs when it is trying to move a chancellor rather than win a seminar debate.
Anyone running comms for an industry body or coalition should study the structure: one number, one demand, one line that could run as a headline verbatim. Vague lobbying gets minutes. Specific lobbying gets coverage.