George Parker
Financial Times
April 5, 2010

Gordon Brown on Sunday said the large economies were close to agreeing a global tax on banks that would cost the financial sector billions of pounds a year but played down expectations that a deal could be struck at the next Group of 20 meeting in June.

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The UK prime minister, who held talks with Angela Merkel, German chancellor, last week, said the scene was set for a “global responsibility levy”.

He said Britain, France and Germany were now broadly agreed on the need for a levy, and he hoped the US would come on board.

“Britain, France and Germany have talked about what we can do together,” he said. “We are agreed on the need for a common basis.”

Full article here


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