Labour tax threat to ‘kill markets in UK equities’

Hedge funds in Miliband's sights, but full scope of tax measure unclear


Plans announced by Labour party leader Ed Miliband to scrap intermediary relief in full in the UK would "kill the markets in UK equities", according to industry participants.

At the UK Labour Party conference this week in Manchester, Miliband said: "We will clamp down on tax avoidance, including tax loopholes by the hedge funds, to raise over £1 billion."

The UK faces a general election in 2015. Labour has a poll lead of six points over the incumbent Conservative party, according to YouGov's

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