Mintball wrote:I'm entirely in favour of a transaction tax – but if enacted in the UK, it should be used to pay off the deficit and fund growth-boosting projects (and avoid the cuts that, apart from anything else, increase unemployment).
So you mean a transaction tax on transactions enacted in the Uk goes to the Uk tax man?
If so I agree. The thing is any transaction tax that would have come out of this summit would have meant the money raised went to support the Euro.
Now I do not care what colour anyone's politics are it would be a none starter for any UK PM to agree to that.
However while it is Ok to block that idea it is not OK to let the UK tax payer fund our bailout.
Those uk banks that caused the problem here still not paid.