Chancellor wants to encourage Islamic finance
The Ignorant Jock wants to encourage more Islamic finance in the UK. There is apparently a large Islamic finance market already but Gordy McBroon wants to turn the UK (by which he means England, obviously) into a global Islamic fainance centre.
Under Islamic Law it is illegal to make money from lending - loans bear no interest. Islamic finance centres don't charge interest so there's no profit to tax. I am therefore at a loss as to why McBroon wants to encourage it over here as not even Labour have found a way of taxing nothing.