Well, yes, obviously

Treasury sources said Britain would hit the 0.7% target without an FTT, adding that the European commission\’s plans would see individual countries using the extra revenue for deficit reduction rather than development. They added, however, that the UK would not seek to prevent other countries introducing an FTT if they wanted to do so.

Because of course all of the financial trading would then move to London instead of only 80% of it.

One comment on “Well, yes, obviously

  1. Clearly the UK should support the Eurozone’s plan to introduce an FTT. (But only in the Eurozone, of course)

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