Julian Jessop comments on the BBC News website

Julian Jessop, Chief Economist at the Institute of Economic Affairs has commented on the BBC News website following the Labour Party’s promise to introduce a robin hood tax.

In the article Julian argues that Labour’s financial transaction tax plans are another example of the fallacy that corporations can be tapped for cash with no wider costs. In reality it is always ordinary people who ultimately pay, including consumers and workers.

Read the full article here.

Further IEA reading: The case against a financial transactions tax