On the 2nd January the Today Programme featured an interview with Lord Turner about financial regulation in the UK, during which he argued that we should be open to the idea of implementing a broad global financial transaction tax. Lord Turner is the Chairman of the Financial Services Authority, which is the independent body that regulates the UK financial services industry. He is a right-wing financier by background, so this is a big step toward getting agreement on implementing such a tax.
Lord Turner made his comments in an interview with Baroness Shirley Williams, former Liberal Democrat Spokesperson for Foreign and Commonwealth Affairs and a long-term supporter of calls to implement a currency transaction levy to raise funds for international development. You can listen to the interview at the BBC’s website – it begins at 7:35am.