With some regret, the ACT acknowledges the reasons for the Wheatley recommendation. However, we urge the retention of certain rates where transaction volumes may justify this.
The Wheatley review and other material is available here: http://hmtreasury.gov.uk/wheatley_review.htm
The BBA consultation is available here: http://www.bbalibor.com/news-releases/bba-consults-on-implementing-wheat....
The ACT’s response is available here: