Flutter calls for end to stamp-duty on UK share trading

Flutter Entertainment (LSE:FLTR) chief executive Peter Jackson today called for the removal of the 0.5% stamp duty on share purchases to help invigorate the London Stock Exchange (LSE).

The tax, he argues, hampers market growth and deters companies from listing in the UK.

Flutter, which owns Betfair and Sky Bet, plans to shift its primary listing to the US, driven by the success of its FanDuel sportsbook and better valuations.

Jackson's comments highlight broader concerns about the competitiveness of the LSE and the need for policy changes to attract and retain listings.

This move aligns with a trend of companies seeking more favorable market conditions abroad.