Posted on February 26, 2010 - by Tim L
Robin Hood Tax
A tiny tax on bankers that would give billions to tackle poverty and climate change, here and abroad.
This tax on banks - not you or I - has the power to raise hundreds of billions every year. It could give a vital boost to the NHS, our schools, and the fight against child poverty in the UK - as well as tackling poverty and climate change around the world.
Not complicated. Just brilliant.
Go to to watch a great clip
How it works
The Robin Hood Tax is a tiny tax on bankers that would raise billions to tackle poverty and climate change, at home and abroad.
By taking an average of 0.05% from speculative banking transactions, hundreds of billions of pounds would be raised every year.
That’s easily enough to stop cuts in crucial public services in the UK, and to help fight global poverty and climate change.
Why now?
Because of the financial crisis, frontline services at home - like the NHS and our schools - are under fire.
At the same time, poor communities and the environment are being hit hard - as aid and green budgets are slashed by rich countries.
So it’s time for the people who caused this mess to pay to clean it up.
For more info go to