FINANCIAL TRANSACTIONS TAX

Early day motion 966, tabled 24 January 2013 by George Galloway (Respect). Signed by 11 members.

That this House notes that 11 European countries have agreed to introduce a financial transactions tax; further notes that according to the Institute for Public Policy Research the introduction of a tax rate of just 0.01 per cent would raise 25 billion a year; regrets that the Government has refused to introduce such a tax at the behest of its friends in the City; and calls on the Government to now reverse this veto for the improvement of the public finances and the benefit of the wider economy.

Signatures by party: Labour 4, DUP 2, Green 1, Liberal Democrat 1, Respect 1, Scottish National Party 1, Social Democratic and Labour Party 1.