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The Labour party has backed a financial transactions tax, or so-called Robin Hood Tax, which it estimated could raise 拢26 billion over five years.

On Tuesday, John McDonnell is hosting Avinash Persaud, chairman of Intelligence Capital and a former global head of currency research at J P Morgan, whose report on a financial transaction tax helped form the Labour policy.

He joined Daily Politics presenter Jo Coburn, and the Australian High Commissioner to the UK, Alexander Downer, to talk about tax and international trade.