CLEAN: EU financial transaction tax 'madness': Cameron

The transcript discusses the UK's approach to ensuring the financial sector contributes fairly through measures like a bank levy and stamp duty. It critiques the European Commission's proposal for a financial transactions tax, highlighting potential negative impacts on GDP and employment. The transcript also addresses Europe's economic challenges, emphasizing the need for structural reforms and a pro-business agenda to enhance competitiveness.

What measures has the UK implemented to ensure the financial sector pays its share?

• Bank levy and stamp duty on shares

• VAT increase

• Income tax increase

• Corporate tax reduction

What is a potential consequence of implementing a financial transactions tax in the EU?

• Strengthened EU economy

• Higher employment rates

• Loss of jobs and market shifts

• Increase in GDP

How much could the EU's GDP be reduced by due to a financial transactions tax?

• €100 billion

• €400 billion

• €200 billion

• €300 billion

What is identified as Europe's Achilles heel?

• Political instability

• High unemployment rates

• Lack of natural resources

• Lack of competitiveness

What strategy has failed to deliver the necessary structural reforms in Europe?

• Berlin Accord

• Paris Agreement

• Brexit Strategy

• Lisbon Strategy