Financial Transaction Taxes hit people not banks

Philip Booth appears on the BBC World Service

Prof. Philip Booth, Editorial and Programmes Director at the IEA, appears on the BBC World Service to discuss financial transaction taxes. In the interview, Philip argues that the proposed financial transaction tax by countries in the EU is not only a bad idea but will hit the customers of banks as opposed to banks themselves. 

You can listen to the interview in full here. Philip's segment begins at 00.04.14