UK should veto financial transaction tax, say Risk.net readers

UK finance

UK prime minister David Cameron should use his veto if European Union (EU) leaders attempt to implement a financial transaction tax (FTT), according to an overwhelming majority of Risk.net readers.

More than three quarters of respondents believe the veto should be used, amid concerns the tax would threaten the City of London's position as a financial centre.

Cameron has already moved to protect the City in recent months. At a summit in early December, he vetoed a series of treaty changes after f

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