On Tobin tax on finance

Turner says "We will do it"

http://www.ft.com/cms/s/0/331e7a84-958f-11de-90e0-00144feabdc0.html?nclick_check=1

Tobin tax explained

http://www.ft.com/cms/s/0/6210e49c-9307-11de-b146-00144feabdc0.html

Tobin himself disowned activists’ adoption of his proposal for revenue-raising purposes, which he thought missed the point of the proposal: which was to reduce the socially harmful effects of finance while keeping its benefits. In this respect, FSA chairman Adair Turner’s broaching of the Tobin Tax as a method for regulating the financial sector may be more in line with the original idea.

http://www.ft.com/cms/s/0/08943b5a-926a-11de-b63b-00144feabdc0.html

Luckily, Alistair says "no". Aides to Alistair Darling, chancellor, said no such taxes were under consideration. Mr Darling insists that the banking industry in London should continue to play a leading role in global finance. => yes, quite good ambition.

Some more discussion: not good enough

http://www.ft.com/cms/s/0/980e9ec8-92f2-11de-b146-00144feabdc0.html