Bloomberg News

Cameron Says EU Financial Transaction Tax Not Sensible

May 18, 2012

U.K. Prime Minister David Cameron, speaking ahead of his first meeting with French President Francois Hollande, said proposals for a European Union financial transaction tax are a bad idea.

“I’m very clear, we are not going to get growth in Europe or Britain by introducing a new tax that would actually hit people as well as financial institutions,” Cameron told reporters in Washington, where the two men were due to meet before heading to the Group of Eight summit at Camp David, Maryland. “I don’t think it is a sensible measure. I will not support it.”

To contact the reporter on this story: Robert Hutton in Washington at rhutton1@bloomberg.net

To contact the editor responsible for this story: Steven Komarow at skomarow1@bloomberg.net


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