Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will make an assessment of the potential merits of extending Stamp Duty Reserve Tax to transactions in a broader range of financial assets, such as corporate bonds and derivatives, based on the residency principle whereby liability is incurred if the ultimate buyer is a UK taxpayer.

Stamp taxes on shares raise over £3.7bn a year in revenue to help fund public services. This is achieved through a targeted design that minimises the impact on the ability of businesses to access capital in order to grow and invest.

The government continues to keep all taxes under review.