Gordon Brown appeared to step back from a G20 declaration to introduce a bank tax after Downing Street insisted that he was merely trying to open a debate on raising new money from the City.
Last night it emerged that Downing Street had wanted to reopen a dialogue among G20 countries over taxing the world biggest economies on capital markets transactions to compensate society for the damage that they have caused. At the St Andrews G20 meeting this weekend, Gordon Brown had shocked the City and taken other G20 countries by surprise when he said that he wanted to tax bankers every time they made a trade. See story...
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