U.K. will veto proposed EU transaction tax, ICAP CEO says:

01/24/2012 | Risk.net (subscription required)

ICAP CEO Michael Spencer said Britain will not agree to the EU's proposed financial-transaction tax. If the U.K. doesn't veto the tax, ICAP will transfer its London headquarters to New York, Spencer said. "I have had it first-hand from very senior members of our administration who I know personally and have had good relations with for a long time that it will be vetoed without any doubt and without any reservation at all," Spencer said.

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