Eurozone Crisis

Part of Oral Answers to Questions — Leader of the House – in the House of Commons at 11:34 am on 3 November 2011.

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Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury 11:34, 3 November 2011

I have to tell the hon. Lady that I am not entirely clear what role the financial transaction tax will play in resolving this crisis. The EU’s own impact assessments on that tax demonstrated that it would lead to lower employment and lower growth across Europe. I do not think that that is in any way going to help tackle the problems in Europe when what we need is more investment, more jobs and more growth.