Transaction Tax To Boost Cost Of U.K. Debt

03 Apr 2013

The European Union’s financial transaction tax could raise the U.K.’s cost of issuing its government debt by £3.95 billion ($5.98 billion) as investors could demand extra yield as their expense for trading the securities will rise, according to a study commissioned by the City of London Corporation.

The European Union’s financial transaction tax could raise the U.K.’s cost of issuing its government debt by £3.95 billion ($5.98 billion) as investors could demand extra yield as their expense for trading the securities will rise, according to a study commissioned by the City of London Corporation.

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