Internet lobby campaign launched to take on chancellor over Stamp Duty
The UK's first investors' e-petition has been launched to lobby chancellor Gordon Brown over the scrapping of stamp duty on share dealing.
Organisers for the Stamp Out Stamp Duty campaign want the government to abolish the 0.5% tax on share purchases in the 21 March Budget.
They claim the tax threatens the competitiveness of the UK’s financial markets and has cost the average private investor more than £5,000 over the last 10 years.
And the internet explosion has meant the petition, which contains 6,000 names, will continue to grow. The email has a link to a web site where hundreds more people are adding their support every day.
Various internet news providers, a national newspaper, and lobby groups have backed the campaign.
This e-petition will be handed to chancellor Gordon Brown before the Budget next week.