Read transcripts of debates in both Houses
Produced by Commons Library, Lords Library and Parliamentary Office Science and Technology
Search for Members by name, postcode, constituency and party
Learn about their experience, knowledge and interests
Celebrating people who have made Parliament a positive, inclusive working environment
Four staff networks for people to discuss and consider issues.
Contact your MP or a Member of the House of Lords about an issue that matters to you
Find and register for Parliament's free events and training sessions
Take a tour of Parliament and enjoy a delicious afternoon tea by the River Thames
See some of the sights you’ll encounter on a tour of Parliament
Book a school visit, classroom workshop or teacher-training session
Access videos, worksheets, lesson plans and games
The Sub-Committee published the report Towards a Financial Transaction Tax? on 20 March 2012. This follows the publication of the Commission’s proposal for a Directive on a common system of Financial Transaction Tax (FTT). The report was debated 11 July 2012.
In a letter to the Financial Secretary to the Treasury, the Committee has expressed concerns about the Commission’s Financial Transaction Tax proposal. It states that, at present, the Committee remains to be convinced about the need for a financial transaction tax, and has launched an inquiry to seek clarity on a number of concerns. The Committee will reserve its conclusions on this proposal until its deliberations have been completed.
The purpose of the inquiry is to investigate the rationale behind the introduction of a financial sector tax, and will consider the potential risks, benefits and shortcomings of an FTT and its significance for the City of London. It will also assess whether an FTT could plausibly be implemented at an EU level, or whether it will only work effectively if implemented globally.
The Sub-Committee began taking oral evidence in November.
City of London under threat Lords tells Government
Lords to quiz EU Commissioner Algirdas Šemeta
Lords EU Economic and Financial Affairs and International Trade Committee continues inquiry
Oral evidence from Blackrock and ISDA
The House of Lords EU Committee has voiced serious concerns about the European Commission’s proposal for a Financial Transactions Tax (FTT) in a letter to the Financial Secretary to the Treasury this week.
Committee also hear from legal and business experts
The purpose of the inquiry is to investigate the rationale behind the introduction of a financial sector tax, and will consider the potential risks, benefits and shortcomings of a Financial Transaction Tax (FTT) and its significance for the City of London
Oral and written evidence on the inquiry Financial Transaction Tax
EU Sub-Committee A conducted enhanced scrutiny on the FTT
The Members of the Sub-Committee have declared the following interests in relation to this inquiry:
Members are required to register any financial and non-financial interests that a reasonable member of the public might think would influence their actions in Parliament. The full text of the Register is available online: