New Times,
New Thinking.

  1. Politics
10 November 2009

Brown seeks support for “Tobin tax”

PM secretly tries to persuade bankers to support transaction tax, while EU ministers express interes

By Staff Blogger

Gordon Brown is reportedly trying to persuade top City figures to speak out in support of his plan for a new international tax on banking.

Although the so-called Tobin tax has been furiously opposed by lobbyists, and criticized by the US, Canada and Russia, the prime minister is convinced that there are a significant number of senior bankers who could support it.

Subscribe to The New Statesman today from only £8.99 per month
Content from our partners
An old Rioja, a simple Claret,and a Burgundy far too nice to put in risotto
Antimicrobial Resistance: Why urgent action is needed
The role and purpose of social housing continues to evolve
Topics in this article : ,