Markets rally as Greece makes U-turn over bail-out referendum

BILLIONAIRE Bill Gates gave a boost to supporters of a Robin Hood Tax by telling the G20 summit that such a levy on financial transactions was “clearly technically feasible”.

Mr Gates said it was “critical” that a portion of the money raised from any Financial Transaction Tax should be used to help the developing world, rather than to shore up ailing G20 economies.

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An FTT, supported by the Archbishop of Canterbury, could bring the number of the world’s poor states down to “zero”, Mr Gates said. Britain has said it supports the idea of an FTT in principle, but only if it can be introduced globally.