Gordon Brown causes international row over banking tax

As we covered in one of our earlier posts, Gordon Brown has caused an international row over his demand for a banking tax on all international financial transactions. The move, which was mentioned some time ago, has effectively been blocked by the US government leaving Gordon Brown and the UK authorities high and dry and "out of the loop". This is a tax which has been discussed for decades and is seen by many as an extra cost for industry and an extra cost for the worldwide economy.



Gordon Brown is now effectively about on a limb having been left high and dry by those who had supported his move, just a short while ago. The UK government is increasingly becoming more isolated from the worldwide powerhouses such as the US and there are concerns that the "special relationship" which the UK has enjoyed with the US for some time could be at risk.



There are many people back home in the UK who are concerned that Gordon Brown is spending too much time on international duty when the UK economy is struggling to improve and more and more UK businesses and UK consumers are feeling the pinch. As we approach the next general election surely Gordon Brown needs to spend more time in the UK on UK matters?