According to Chancellor George Osborne, a European financial transaction tax would be a fatal mistake for the continent unless countries like the US and China were to participate. EU policymaker suggested the idea, only to have Britain reject it in an effort to protect London’s role as a global financial hotspot. “Proposals for a Europe-only…
Tag Archive: London
FSK Investment Plans
The FSK (a sate-owned Russian grid company) has escalated investment plans for 2011 by close to 11 percent (reaching $7.3 billion) with the thought of a London listing and ultimately a semi-privatization. The original idea FSK had was to spend $6.6 billion in 2011 to upgrade its network by 2014 requiring even…
