The possibility of a tax on financial transactions – or Tobin tax – looked
remote this morning after international leaders failed to support Gordon Brown’s
proposal launched at the G20 meeting over the weekend.
Opposition and doubts have been aired by many senior figures including
Timothy Geithner, the US Treasury secretary and Dominique Strauss-Kahn, the head
of the International Monetary Fund.
Reports in the national press this morning speculate that the opposition now
means the Brown idea is essentially dead because he himself had predicated
pushing forward the idea on international support.
However, the prime minister does appear to have received the qualified
support of billionaire fund manager George Soros, who is reported in the
Financial Times saying that some kind of transaction tax was, in principle, a
In an article for today’s FT Gordon Brown proposes “global financial levies”
among a raft of others as a means restoring responsibility to the financial
He writes: “Banks cannot assume that trust will return without significant
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
One of the bigger announcements of the final Spring Budget is the raising of Class 4 NICs for the self-employed