When Jacques Chirac, the former French president, proposed in 2005 a “Tobin tax” on financial trans-actions to address the ex¬cesses of “liberal globalisation” his ideas were scorned by Britain. Times have changed since then.
Today the man charged with regulating the City of London makes exactly the same suggestion, arguing that such a tax might help to curb excessive pay, profit and activity in a “swollen” financial sector.
Read full Financial times article here: http://www.ft.com/cms/s/0/f37bd90e-9286-11de-b63b-00144feabdc0.html
Comments