Eurozone Crisis

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

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

We have said we are not against a financial transaction tax in principle, but it does need to be applied globally. The EU’s own impact assessment demonstrates that an EU-only financial transaction tax would destroy jobs and increase unemployment. It is a bad idea at a time when Europe needs jobs and growth.