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EU: Finance

House of Lords written question – answered on 29th November 2011.

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Photo of Lord Myners Lord Myners Labour

To ask Her Majesty's Government whether they would oppose the introduction by the European Union of a financial activity charge levied as a regulatory cost offset and structured on an ad valorem basis.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

No such proposal has been tabled by the European Union.

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