i don't believe it will get this far, but... http://news.investors.com/ibd-edito...d-hamper-financial-competitiveness.htm?p=full
People have always said once in at whatever so called 'low' level, future hikes cannot be ruled out. This is proof positive of that scenario.
Was just on my way to post that TraDaToR I find the above comment amusing considering the UK do get 3 billion a year from a functional ftt, which they would have to scrap in the pursuit of destroying one of their industrys to hand the revenue over to the eu. Sums it up well, a dangerous game for a few political points.
http://www.ft.com/cms/s/0/3ff39e9e-d823-11e2-b4a4-00144feab7de.html#axzz2WhAR6QWF Wow that solves it! Lower the rate for some market players until 2016 when you hike the lot!
Labour has lost a vote to force the government to support the principle of a financial transaction tax. http://www.bbc.co.uk/democracylive/house-of-commons-22953324
So REFRESHING to hear facts and healthy debate on this issue in a parliament. The only person to look confused and throw a worn out line around so far was the labour mp, who looked very confused when he was told we have an FTT in the form of stamp duty, obviously he does not understand the difference between them.