Peel Hunt cheers ‘positive steps’ in Budget to boost London market and investing

The UK investment bank has given some welcome backing to under-pressure Chancellor Rachel Reeves (Alamy/PA) -

UK investment bank Peel Hunt has given some support to under-pressure Chancellor Rachel Reeves over last week’s Budget as it said efforts to boost the London market and invest in UK companies were “positive steps”.

Peel Hunt welcomed moves announced in the Budget, such as the stamp duty exemption for shares bought in newly listed firms on the London market and changes to Isa investing.