What the world needs now is a Robin Hood Tax, lets face it, it wouldn’t hurt the bankers to give a wee bit back.
The Robin Hood Tax is a tiny tax on banks, hedge funds and other finance institutions that would raise billions to tackle poverty and climate change, at home and abroad.
It can start as low as 0.005 per cent – and average 0.05 per cent . But when levied on the billions of pounds sloshing round the global finance system every day through transactions such as foreign exchange, derivatives trading and share deals, it can raise hundreds of billions of pounds every year.
And while international agreement is best, it can start right now, right here in the UK.
That can help stop cuts in crucial public services in the UK, and aid the fight against global poverty and climate change.