The government has announced plans to put UK asset managers at the forefront of its mission to kickstart the economy, saying "opportunities abound" for the sector.
The FTSE 100 and sterling have both held on to gains from this morning following Chancellor George Osborne's 2013 Budget speech.
Chancellor George Osborne has moved to increase the competitiveness of the UK asset management industry by abolishing a stamp duty reserve tax for UK-domiciled funds.
The Chancellor has revealed plans to remove stamp duty on AIM shares, as part of the 2013 Budget.
Chancellor George Osborne has announced an updated remit for the Bank of England's Monetary Policy Committee that may see the Bank issue "explicit forward guidance" on interest rates.
Chancellor George Osborne has announced that corporation tax will be cut to 20% in April 2015.
The UK economy will post growth of 0.6% this year, according to the Office for Budget Responsibility (OBR), a downward revision from its December forecast.