Currency Speculation: Taxation

Treasury written question – answered at on 14 September 2018.

Alert me about debates like this

Photo of Chris Ruane Chris Ruane Shadow Minister (Wales)

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of introducing a Spahn tax on currency transactions.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Government has made no assessment of introducing a Spahn tax on currency transactions.

As per the Exchange Equalisation Account Act 1979, the Government’s official reserves are available for checking undue fluctuations in the exchange value of sterling.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.