Meanwhile, a report by Open Europe found that the plans by Germany and France to introduce a financial transaction tax (FTT) could raise a total €80.9bn – of which €58.3bn would come from UK-based businesses.
That is of course the statutory incidence, not the economic incidence.
But I do very much doubt that even Cameron would sign up for something quite so lopsided.
As you say nothing like 80.90 billion. All that will happen is that the financial services sector in the UK (London) will up sticks and move.
The next paragraph of the piece reads:
“Open Europe said the plans for the tax were economically and politically flawed”