UK's Labour likely to extend reach of planned financial transaction tax
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LONDON (Reuters) - Britain's opposition Labour Party would seek to broaden a tax on financial transactions to cover foreign exchange, interest rate derivatives and commodities to raise further funds from London's powerful financial centre if elected. John McDonnell, the second most influential man in the party, said Labour accepted proposals made in an independent report to more aggressively tax transactions, and said these would be reflected in their next policy pledges for government.The move..