British lobbying group condemns a proposed European financial transaction tax
"On the one hand it shows the dangers of disengaging from the EU," said Philip Whyte of the CER in London, who argues that Britain feels increasingly beleaguered on issues related to financial services.
"At the same time, it gives a lot of ammunition to those saying that the EU is a hostile force to Britain. ‘Let’s get out and develop closer links with faster-developing parts of the world economy.’ "