Chancellor Jeremy Hunt is expected to set out plans in next week’s Budget for a regime to allow UK private companies to have their shares bought and sold on exchanges, with the aim of launching the system before the end of the year. This comes as Ministers have been battling to shore up the UK’s capital markets, which have been hit by heavy investment outflows and a succession of companies floating overseas.
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Hunt to set out plans for private companies to trade shares on exchanges
The idea for an “intermittent trading venue” was part of measures set out by Hunt in his Edinburgh reforms package in 2022 in an effort to boost the UK’s position as a global financial centre.
