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International Financial Transactions (Tax)

I congratulate my hon. Friend on taking this campaign forward. On the question of how the money could be spent, earlier this afternoon, the Environmental Audit Committee raised the matter of the income from such a tax, saying that among other things, it could be used to help tackle deforestation as part of our efforts against climate change, or to help the economies of developing countries. Those would be two uses of the proceeds from such a tax.