Latest: Treasury
In today’s Autumn Statement, Osborne has reiterated that the government will not support a European Financial Transaction Tax.
The Chancellor also confirmed that he will increase the bank levy rate to 0.088% to ensure that it still reaches the target of £2.5bn agreed at the beginning of the year.
David Hillman, spokesperson for the Robin Hood Tax campaign, said:
"This is an Autumn Statement for bankers. The Chancellor is...
Proposals for a tax on financial transactions have received support from some unlikely sources.
Today, the manager of one of London’s biggest hedge funds gave support for a European Financial Transaction Tax. In an interview with the Financial Times, David Harding, chief executive of London-based Winton Capital, said...
Talk to a banker or hedge fund master of the universe about financial sector taxes and they'll apparently have to call you back from their Blackberry en-route to the airport, the rest of the company in tow, quite prepared to never set foot in the country again to avoid your unnecessary meddling. The world is their oyster they'll tell you – Frankfurt, Hong Kong, New York or somewhere even more exotic. So stop the talk of Robin Hood Taxes - or...
This letter was originally published on the New Statesman website.
Dear Chancellor,
As you know, I supported your government's call for getting the deficit under control and I like it that this coalition government is taking a five-year perspective and laying out a medium-term expenditure framework.
It was and is...
