September 12, 2019 / 3:21 PM / 3 months ago

Labour's McDonnell says will consider financial transaction tax report

LONDON, Sept 12 (Reuters) - A comprehensive financial transactions tax could help to fund public services and support the wider economy, John McDonnell, the finance spokesman for Britain’s opposition Labour Party said on Thursday.

McDonnell was responding to a new report by Intelligence Capital on the possible scope of such a tax. Labour has previously backed the idea of a financial transactions tax on certain types of assets and trades.

“We’ll carefully consider the report ... as we continue to develop our plans for an economy underpinned by responsible, sustainable investment,” he said. (Reporting by Kylie MacLellan; writing by Kate Holton; editing by William James)

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