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Hello and welcome to the Sophie Ridge on Sunday podcast.

With the election less than a month away, I was joined by the man who wants to be your Chancellor, Labour's John Macdonnell.

I was also joined by someone who briefly wanted to be Prime Minister, Michael Gove, and the former First Minister of Scotland, Alex Salmond. A draft of the Labour Party manifesto leaked this week and it contained several big pledges.

Renationalising swathes of industry, scrapping university tuition fees, boosting workers' rights and a huge programme of public spending.

Jeremy Corbyn is very excited. He says the measures will prove very popular and polls do actually

suggest that many of the ideas on their own are widely supported. But there are a few problems.

The messenger isn't so popular and some people are concerned about how this will all be funded.

Who better to speak to then than John Macdonnell, the man who would be in charge of the public finances in a Labour government.

So I spoke to him and I began by asking him about the new tax Labour wants to impose on financial transactions.

It's not about punishing bankers or anything like that. It's simply correcting, basically,

well, tackling a couple of loopholes that there is an existing system. Stamp duty hasn't

applied to banks and hedge funds and others. And in addition to that, it hasn't applied to the

derivatives markets in terms of basic credits and equity. And it hasn't applied to corporate derivatives markets in terms of basic credits and equity, and it hasn't

applied to corporate bonds either. So we're tackling a loophole here. This is nothing new. This

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