Financial Transfer Tax to be renamed VAT to avoid British veto!

Open Europe has the thoroughly startling news contained in this post's headline its midday press report email of today:

EU Tax Commissioner Algirdas Semeta had “already started work” on presenting the FTT as a value added tax (VAT) – which could be imposed without a unanimous vote and therefore strip Britain of its right to veto.

The full report is available from here.

Maybe now the attendees at the governing Conservative Party Conference in Manchester can be persuaded to discuss the EU, and the grave danger it now threatens to Britain's prosperity!