Prospect’s exclusive roundtable interview with Adair Turner, in which the FSA chief called for the introduction of a Tobin tax and described the finance sector as having “grown beyond a reasonable size,” has continued to spark vociferous debate in the British media and across the globe, from the US to France, Singapore to Indonesia.
Over the coming days Prospect’s website and blog will feature a number of responses to the interview from Times editor-at-large Anatole Kaletsky, UBS senior economic adviser George Magnus and economics commentator Tim Congdon. And Robert Kuttner, editor of the American Prospect, will offer an insight into the implications of Turner’s comments in the US: might such a tax be a viable revenue raiser, given the historic deficit the Obama administration now faces?
As well as gracing the front covers of most of yesterday’s newspapers, the story was also featured on BBC News, Channel 4 news and Sky, while LSE professor Paul Woolley, who took part in the roundtable, was interviewed on CNBC, Radio 5 Live, 9 o’clock news, BBC News 24, and BBC World at 10. And in the US, both the