European Council

Part of Oral Answers to Questions — Defence – in the House of Commons at 4:17 pm on 26 November 2012.

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Photo of David Cameron David Cameron The Prime Minister, Leader of the Conservative Party 4:17, 26 November 2012

I can certainly give my hon. Friend the assurance that we do not support new EU taxes. One of the ways in which particularly the left in Europe has endlessly tried to argue for higher budgets for more spending is by altering the so-called “own resources” and coming up with new taxes. We oppose a financial transactions tax. Some countries may well go ahead and introduce it in any case. If they do, as far as I am concerned, that is their own decision and we will not take part in it.