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EURO TAX OPPOSED BY THE UK - FINANCIAL DOOM ON!
Ms Sans Serif
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[quote:BadMoonRising:MV8xNjU3Mjc4XzE0QTVCNUI5] Bank shares have fallen in London after the UK said it would "resist" a financial transaction tax on EU members proposed by the European Commission. The tax would raise about 57bn euros ($78bn; £50bn) a year and would come into effect at the start of 2014. At close, Royal Bank of Scotland was behind by 3.64%, Lloyds Banking Group by 2.4%, and Barclays by 1.31%. London would be hardest hit by the tax as the majority of banking transactions in Europe come through the city. READ MORE AT LINK: http://www.bbc.co.uk/news/business-15090761 [/quote]
Bank shares have fallen in London after the UK said it would "resist" a financial transaction tax on EU members proposed by the European Commission.
The tax would raise about 57bn euros ($78bn; £50bn) a year and would come into effect at the start of 2014.
At close, Royal Bank of Scotland was behind by 3.64%, Lloyds Banking Group by 2.4%, and Barclays by 1.31%.
London would be hardest hit by the tax as the majority of banking transactions in Europe come through the city.
READ MORE AT LINK:
link to www.bbc.co.uk
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