
Rank desperation
Gordon Brown’s suggestion for a Tobin tax would, if implemented, crucify the City of London. We are the largest foreign exchange centre in the world and that Brown is seriously suggesting hitting this industry is a sure sign he does not expect to be in government after the election. It is the proposal that a British prime Minister should be dying in a ditch to kill off given that the City generates about a tenth of Britain’s economic wealth. The kind of proposal that might be aired by a Frenchman, purely to outrage Britain. It is, of course, a trick: Brown knows it won’t be agreed because it requires the
