The boss of London’s junior stock market has called on the Government to help halt an exodus of companies listed in the City as he warned over the impact of its move to cut inheritance tax relief on Aim shares.
Marcus Stuttard, head of Aim and UK primary markets at the London Stock Exchange, urged the Government to reinstate “financial incentives” for Aim investors after last autumn’s Budget revealed plans to slash inheritance tax (IHT) relief on Aim-listed stock from 100% to 50% from April next year.
