HC Deb 25 February 1960 vol 618 c558
17. Mr. Farr

asked the Chancellor of the Exchequer if he will consider the abolition or substantial reduction of the transfer Stamp Duty on shares.

Sir E. Boyle

My right hon. Friend has noted my hon. Friend's suggestion.

Mr. Farr

Is my hon. Friend aware that even a small reduction of, say, 1 per cent. in this duty would go a long way to encouraging us to become a nation of share owners and, moreover, would encourage employees to hold an investment in the firms for which they work?

Sir E. Boyle

As I said, my right hon. Friend will note my hon. Friend's suggestion. I cannot make any further comment this afternoon.