So a financial transaction tax literally cannot work that way. The £4.8bn figure is junk.
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But these are policies for the UK. Sadly the rest of the world's out of this doc's orbit for the moment! Isn't the manifesto something to celebrate & encourage? Specific ideas to make tax more fair. Of course they're not perfectly refined: 33 policies in 13 pages. But overall?
Birthdays are for celebrating. Policy proposals are for testing. If they are just a brainstormed set of ideas for discussion fair enough, but its presented as a manifesto with costed proposals: sums that can be added together. Tax experts rolling their eyes not a good outcome.
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It's good to see other tax experts find policies in here to support, encouraging the effort to make uk tax fairer, even if it's not perfect.
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It's also good to rule out &/or refine unworkable ideas and overly optimistic expectations . Both are good. Cheerleading ideas is not better than criticising them, if the point of the exercise is to get to workable, effective, widely supportable policies and good faith processes
End of conversation
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