Britain has called for consideration of a global tax on financial transactions to insure against another crisis Skip related content
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UK calls for global tax
The UK has also urged world finance officials meeting on Saturday in Scotland to agree on bearing the cost of fighting climate change.
At a news conference in St Andrews, British Chancellor of the Exchequer Alistair Darling said it was time to consider a global financial levy, such as a tax on transactions or an insurance fee, as "part of a series of measures to ensure financial stability."
Darling was confirming what British Prime Minister Gordon Brown has told finance ministers from the G20 countries.
Brown said that a global financial levy could support a "resolution fund" that could serve as a buffer against future bailouts.
In its last meeting as chair of the G20 before South Korea takes over next year, Britain is attempting to push through discussion of issues it views as critical to future world economic growth.
But Mr Brown said Britain would not act alone in imposing any tax, and that any measures must be implemented by all major financial centres.
Critics argue that measures such as the so-called Tobin tax - a flat tax on currency transactions named after the Nobel Prize laureate James Tobin - would just dry up world financial flows.
A couple have revealed the unusual birthplace that inspired their baby girl's name - not Brooklyn or Paris .
