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Anorak | Sarkozy to make London estate agents rich with his FTT idiocy

Sarkozy to make London estate agents rich with his FTT idiocy

by | 31st, January 2012

AS if it wasn’t bad enough with every Sloane who couldn’t scrape three GCSE’s together riving around in bloody Minis, it looks like the London estate ageny game is going to get yet another boost  thanks to France and Sarkozy.

France has added some more rocket fuel to Monday’s already volatile summit of EU leaders by pledging to introduce a 0.1pc tax on financial transactions in August.

They’re only going to add it in France though so what will happen is that all wholesale banking that currently takes place in France will take place in London from about, oooooh, 1 September I should think.

Leave aside whether the FTT is a bloody stupid idea or not (it is a bloody stupid idea, it won’t raise any cash and it will shrink the economy) and concentrate just on the idea of bringing it in in one country only.

We don’t have to ponder on what

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Posted: 31st, January 2012 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink