Robin Hood is famous for sticking up for ordinary folk when they need it most. At a time of financial crisis, we have brought him back to make sure that people here in the UK and in developing countries don’t pay to clean up the mess.
We are campaigning for a tiny tax on banks that would create billions of dollars for UK public services and tackling poverty abroad.
The tax would apply to financial transactions- that is the buying and selling of currencies, stocks and shares by banks. Millions of these transactions happen daily, so just a tiny tax of 0.05% per transaction would raise around £250 billion ($400bn) each year. With a mere $30 billion of that, we could halve hunger by 2015.
Think it sounds like a good plan? So do a lot of other people. We are campaigning with a range of other aid and environmental organisations; working for a Robin Hood tax together.
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