Tuesday, September 07, 2010

Small mercies

Credit etc. The UK has managed with a few others to stop the introduction of a Tobin tax in Europe.
Banks escaped a tax on financial transactions after the U.K. and other countries undermined plans to use the levy to help repair the damage to national budgets caused by the banking crisis.
“It’s difficult to see how in practice a financial- transaction tax would work,” U.K. Chancellor of the Exchequer George Osborne said in Brussels after a meeting with EU finance chiefs. “It’s been discussed for many decades past and I suspect it will be for many decades to come.”

So in the spirit of fair play, well done on that one George.

1 comment:

Anonymous said...

Dont thank the traitor Osbourne. He doesn't do anything for our benefit.