As usual, in economics, a yes or no question becomes a debate with 27 possible answers!! On the macro side, this tax would produce more money to give out by the EU. on the micro side, as most of these deals take place in London, then the UK would pay the most money into the pot.
As far as dealing, in general, is concerned, a tax on every deal would stop the black art of share and bond ramping, supposedly illegal and stopped by Chinese Walls, but happens every day. A phone call is made or a text sent saying get into A B or C it is going up or down. Everybody jumps in or out and the senders of the messages make a killing. the other game is to create a false market by buying and selling all morning thus providing speculation and a price hike up or down. Again huge amounts of money can be made.
So, in general, a good idea but a bad one for the Uk in particular.
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