tag:blogger.com,1999:blog-79367181454779028.post5792583565411483757..comments2023-10-18T13:49:04.792+01:00Comments on Virtual Lancaster News Blog: City Council asks Government for Robin Hood Tax to ease cutsAnonymoushttp://www.blogger.com/profile/09111099866285188994noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-79367181454779028.post-33360975684680940212013-07-26T14:29:09.676+01:002013-07-26T14:29:09.676+01:00Bit of a red herring really. The whole purpose of ...Bit of a red herring really. The whole purpose of the FTT is less to make money and more to given the impression to the public that governments are going after bankers.<br /><br />The FTT was introduced by Sweden a few years back and it basically did more harm than good (the money left Sweden and went elsewhere) and so they abandoned it.<br /><br />In the same vein France now has got cold feet on the proposed European one, and as a result the whole thing has been kicked into the long grass to be revisited at 'some point' in the future...<br /><br />Jamesnoreply@blogger.com