The widespread public anger over the LIBOR scandal is fast shaping a climate where the FTT is becoming an ever more attractive option. This briefing makes the case for the FTT as a progressive tax that the financial sector can easily afford, it also dispels the myths conjured by the City to scare politicians a from pursuing this practical and popular measure. Now that leading financiers are starting to break ranks and endorse the FTT, surely it is time for the Labour Party to do the same.