{"id":196648,"date":"2025-06-19T08:17:12","date_gmt":"2025-06-19T08:17:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/196648\/"},"modified":"2025-06-19T08:17:12","modified_gmt":"2025-06-19T08:17:12","slug":"aim-boss-makes-plea-to-boost-markets-appeal-after-inheritance-tax-blow","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/196648\/","title":{"rendered":"Aim boss makes plea to boost market\u2019s appeal after inheritance tax blow"},"content":{"rendered":"<p>Your support helps us to tell the story<\/p>\n<p class=\"sc-1uza6dc-0 cKWiEj\">From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it&#8217;s investigating the financials of Elon Musk&#8217;s pro-Trump PAC or producing our latest documentary, &#8216;The A Word&#8217;, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.<\/p>\n<p class=\"sc-1uza6dc-0 cKWiEj\">At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.<\/p>\n<p class=\"sc-1uza6dc-0 cKWiEj\">The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.<\/p>\n<p><strong class=\"sc-1uza6dc-1 huxBsk\">Your support makes all the difference.<\/strong>Read more<\/p>\n<p>The boss of London\u2019s junior stock market has called on the <a href=\"https:\/\/www.independent.co.uk\/topic\/government\" target=\"_blank\" rel=\"noopener\">Government<\/a> to help halt an exodus of companies listed in the <a href=\"https:\/\/www.independent.co.uk\/topic\/city\" target=\"_blank\" rel=\"noopener\">City<\/a> as he warned over the impact of its move to cut inheritance tax relief on Aim shares.<\/p>\n<p>Marcus Stuttard, head of Aim and UK primary markets at the <a href=\"https:\/\/www.independent.co.uk\/topic\/london-stock-exchange\" target=\"_blank\" rel=\"noopener\">London Stock Exchange<\/a>, urged the Government to reinstate \u201cfinancial incentives\u201d for Aim investors after last autumn\u2019s <a href=\"https:\/\/www.independent.co.uk\/topic\/budget\" target=\"_blank\" rel=\"noopener\">Budget<\/a> revealed plans to slash inheritance tax (IHT) relief on Aim-listed stock from 100% to 50% from April next year.<\/p>\n<p>Aim has suffered a raft of firms quitting the market in recent years as part of a wider shift away from London towards overseas rivals and as firms are bought out by foreign competitors or taken private.<\/p>\n<p>More than 60 firms \u2013 with a market cap of over \u00a312 billion \u2013 have already announced plans to leave Aim in 2025 as they look to move to the main market, delist or are bought out.<\/p>\n<p>As Aim celebrates its 30th anniversary on Thursday, Mr Stuttard told the PA news agency that the Government can help stop the outflow of firms on London\u2019s beleaguered market, with \u201cmore companies leaving than joining in the last two years\u201d.<\/p>\n<p>He said the cut to <a href=\"https:\/\/www.independent.co.uk\/topic\/iht\" target=\"_blank\" rel=\"noopener\">IHT<\/a> relief was a major blow.<\/p>\n<p>\u201cOne hundred per cent relief has been and used to be really important to Aim,\u201d he said.<\/p>\n<p>\u201cWe are calling on the Government to make sure there\u2019s certainty\u2026 with financial incentives to support Aim.\u201d<\/p>\n<p>He also backed Government plans to increase pension fund investment in UK stocks, saying it was crucial that \u201cdomestic investors back our domestic economy\u201d.<\/p>\n<p>He told PA: \u201cInternational investors understand the quality of our small businesses \u2013 we need our own pension funds to be backing that opportunity.<\/p>\n<p>\u201cIt\u2019s vital that our UK pension funds back the UK economy.\u201d<\/p>\n<p>The Aim \u2013 or Alternative Investment Market \u2013 was launched in June 1995 to give small and medium-sized firms access to capital.<\/p>\n<p>In the 30 years since, it has admitted more than 4,000 companies and raised over \u00a3136 billion.<\/p>\n<p>There were about 1,700 businesses listed on Aim in 2007, but this has dwindled to fewer than 700.<\/p>\n<p>Some of this is down to costs of listing and onerous rules and regulations.<\/p>\n<p>Mr Stuttard said the group is working on a discussion paper to ask firms how Aim could change and evolve and what are the current downsides of listing on the market.<\/p>\n<p>He said \u201cnothing is off the table\u201d in terms of what could be looked at, with the market keen to see the consensus for a way forward.<\/p>\n<p>He said it is clear there is still a strong need for Aim to help companies get access to capital to grow without resorting to selling.<\/p>\n<p>\u201cFrom start-up to initial public offering (IPO) to big global business, we want to provide companies with a range of choice of financing options so they don\u2019t get sold too early,\u201d according to Mr Stuttard.<\/p>\n<p>\u201cAim is a really important part of the UK economy and the UK capital markets,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The&hellip;\n","protected":false},"author":2,"featured_media":196649,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,2441,16,15],"class_list":{"0":"post-196648","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114709046526440196","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/196648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=196648"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/196648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/196649"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=196648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=196648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=196648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}