Gordon Brown will take his radical proposal to tax City trading to Britain's business leaders today, as a survey shows more than half of voters would back the plan if the proceeds went to help the poorest in society.
Speaking at the CBI's annual conference in London, Brown will press for a global levy on financial transactions as one way of restoring the "contract of trust" between banks and the rest of society, reports The Guardian. The prime minister's renewed commitment to the controversial levy, also known as a Tobin tax, comes as a survey carried out for Oxfam by pollsters YouGov and obtained exclusively by the Guardian, shows 53% of voters are in favour of the idea, with just 28% against. Even among Conservative voters, 43% back a transaction tax, compared to 39% against. See story...
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