Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-281-500"

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"en.20110308.22.2-281-500"2
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"I voted against the Podimata report on innovative financing because it wants to introduce a financial transfer tax which, while it is claimed that it is needed to protect the economy from risky trading and to provide a fund to use in the event of another crisis, and will only be placed on wholesale and professional industry, it will inevitably be passed on to the consumer and citizen taxpayer who is already struggling in this crisis. The tax will have a terrible impact on the City of London, the financial service industry which is Britain’s largest and greatest contributor to the Treasury. It will cause companies to leave the UK with a loss of jobs and a loss of tax revenue."@en1
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