** Liberum latest broker to warn a possible change in theway UK allows cos to claim tax breaks could hit highly-leveredstocks
** Government looking to cap tax breaks from interestpayments on debt at 10-30 pct of EBITDA. Link: http://bit.ly/1MgJSoO
** Liberum screens for stocks with the highest ratio ofinterest payments to EBITDA - Punch Taverns andEnterprise Inns both have interest costs over 50 pct of2016 EBITDA, with rest of the pub sector also likely to beaffected. Chart: http://reut.rs/1RjLvhR
** Utilities and retailers also among UK stocks with > 20pct interest/EBITDA ratios
** Broker says REITs and financials likely to be exempt
** Adds any rule change also likely to indirectly affectprivate equity firms with significant UK exposure - 3i,Electra and Intermediate Capital all mentioned
(RM: alasdair.pal.thomsonreuters.com@reuters.net)