Policy RoundUp - November 2025

Measures revealed in last week’s Autumn budget included the new the three-year 'UK Listing Relief' from SDRT, to encourage secondary market trading and thus help secure higher initial valuations and liquidity. It also included measures intended to encourage retail participation, with the widely anticipated ISA reforms that the Government hopes will drive around £3 billion of retail investment towards UK-listed companies, which could provide opportunities for investor targeting and implications for retail communication. IR teams may also want to consider these initiatives when developing narratives, or discussing investment proposition obstacles or opportunities.