UK loses 'Robin Hood tax' challenge

Updated
Cycle hire scheme extends to south-west London
Cycle hire scheme extends to south-west London

%VIRTUAL-SkimlinksPromo%A European court's decision to throw out a UK Government challenge against a tax which could hit City deals has been condemned by Boris Johnson.

The London Mayor said rival financial centres would be "licking their lips" at the prospect of picking up trade if the so-called "Robin Hood tax" on transactions goes ahead.

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