Downing Street Says » Financial transaction tax

» Wednesday, November 2, 2011

Financial transaction tax

Asked if the Prime Minister agrees with the view that the Chancellor is sending nods and winks to the banks over a Financial Transaction Tax, the PMS said no. Asked if the Prime Minister though the Chancellor had set a hare running, the PMS said he thought not. The PMS added that in the Chancellor’s letter to the banks, the Chancellor was setting out the Government’s position which is that we agree in principal with the idea of a Financial Transaction Tax but believes that it should be implemented at a global level. The PMS said the Chancellor was also pointing out that there are practical issues that would need to be worked through.

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