Cameron and Hollande Clash on Financial Transaction Tax

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'The two leaders held a 35-minute meeting at the British ambassador’s residence in Washington ahead of the main G8 meeting at Camp David, US President’s country retreat near Washington DC.

On Wednesday 16 May, Cameron expressed hopes that he would find “common ground” with Hollande.

Nevertheless, just before the meeting on Friday 18 May, Cameron told reporters, “On the financial transactions tax, I'm very clear, we are not going to get growth in Europe or Britain by introducing a new tax that would actually hit people as well as financial institutions”.'

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