Press Release: Improving competition in trading services

The Economic Secretary to the UK Treasury, Ed Balls MP, on 20 February 2007, brought representatives from the European Commission together with leading representatives of London's financial sector, while also announcing the implementation of tax measures to boost the competitiveness of the City of London. The measures announced will modernise the tax system to remove obstacles to competition and expand choice in trading financial instruments in the UK. They will allow firms to benefit from the new opportunities offered by liberalisation of financial regulation in the European Union, and specifically from the introduction of the Markets in Financial Instruments Directive (MiFID).

• Primary Source

United Kingdom: HM Treasury: Press Notice: No.77/06 (18.10.06) http://www.hm-treasury.gov.uk/press_77_06.htm

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