The Chancellor has framed the debate as an EU attack on British prosperity. This does not stand-up.
French farmers are set fair to do well out of an European Tobin tax.
Merkel ally warns that Britain will not "get away with" opposition to a transactions tax.
Protests were tightly controlled at this year's summit, and inside the conference centre was no more
Britain looks set to scupper a financial transaction tax, saying it will unfairly affect London.
Downing Street says it will defend the City from a financial transaction tax that EU leaders claim c