Lawson Says European Transaction Tax Will Hurt London

Former Chancellor of the Exchequer Nigel Lawson said the proposed European financial-transaction tax will damage London even though the U.K. isn’t participating.

Lawson, who said earlier this month he’d concluded Britain should leave the European Union, was writing in the introduction to a pamphlet attacking the tax from the Centre for Policy Studies. The U.K. is opposed to the tax, to which 11 EU members have signed up.