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Alistair Darling did look slightly apprehensive when Gordon Brown gatecrashed the G20 finance meeting on Saturday. Full Article at Spectator Magazine
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Chancellor claims global tax on financial institutions could be given green light The chancellor has refused to concede defeat over the so-called 'Tobin Tax', named after the US economist who invented it, and denied it was merely a populist... Full Article at Metro.co.uk
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CHANCELLOR Alistair Darling yesterday insisted the idea of a global tax on financial transactions was worth studying despite American opposition. And he denied the idea had been floated by Gordon Brown as a banker-bashing move to please British voters. Full Article at Press and Journal
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ABOVE: Chancellor Alistair Darling will stress the need for a G20 deal to tackle climate change Leading finance ministers and bank governors will get down to business at the G20 summit as they try to nurse the global economy back to... Full Article at Daily Star
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In an interview with The Scotsman ahead of a G20 meeting in St Andrews today, Mr Darling suggested that, while he intended to increase public spending by £30 billion next year, an extra "fiscal stimulus" this autumn on top of that was unlikely. Full Article at The Scotsman
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It’s a question of fairness. I think there is broad agreement we should look at these things. They are not easy. But if you don’t look at them, you won’t know.
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He is very clear that institutions rather than individuals should bear the cost of this
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I think that it really is imperative that when we reach the end of the day, that we have shown that we have made some real progress in dealing with what is a very real and urgent problem now ... We will do everything that we can to reach that agreement in advance of the Copenhagen meeting.
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It is not something we would be interested in in Canada. We are not in the business of raising taxes, we are in the business of lowering taxes in Canada. It is not an idea we would look at.
