In a 25 November statement addressed to Commission Vice-President Frans Timmermans, Europe’s leading lobby group for industry and business calls for the withdrawal of legislative proposals which “impose unnecessary burdens or have a disproportionate impact on growth and jobs”. BUSINESSEUROPE targets a series of policy proposals relating to environment, sustainable development and labour rights. The proposals for a Clean Air Policy Package and a Financial Transactions Tax (FTT) feature at the top of the list for ditching. The lobby group also calls for the withdrawal of the Circular Economy Package, which should be “re-tabled as an economic piece of legislation”. According to the statement, “[f]or BUSINESSEUROPE, proposals which would impose unnecessary burdens or have a disproportionate impact on growth and jobs must be withdrawn or revised to remove these unnecessarily burdensome provisions.” 

The European Commission announced its proposal for a directive setting out the framework for the implementation under enhanced cooperation of the tax on financial transactions.