Labour likely to extend reach of planned financial transaction tax

LONDON (Reuters) - Britain's opposition Labour Party is likely to extend the reach of its planned levy on financial transactions if elected, its would-be finance minister said on Thursday, as he endorsed a report looking at ways to better fund public services. John 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. "All you want to hear..