Osborne Says U.K. Is Opposed to EU Financial-Transaction Tax
Chancellor of the Exchequer George Osborne said the U.K. would oppose a financial-transaction tax that wasn’t agreed globally.
“The euro zone is determined to pursue a financial- transaction tax,” Osborne told lawmakers in Parliament in London today during a statement on the euro-area rescue plan. “Britain will not accept a financial-transaction tax at an EU-27 level while other places in the world don’t have one.”
Osborne said the U.K. would support a global measure.
“As that’s a long time off, if ever, we will be waiting a long time for a European transaction tax.”
To contact the reporter on this story: Robert Hutton in London at rhutton1@bloomberg.net
To contact the editor responsible for this story: Eddie Buckle at ebuckle@bloomberg.net
Rate this Page