RHT_Dotmasters Graffiti Boy

Four years after the launch of the Robin Hood Tax campaign, this tiny tax that could do so much good is on the verge of becoming a reality: France, Germany and nine other European countries are about to introduce it. What is it, I hear you say. The Robin Hood Tax is a tax on banks that would give billions to tackle poverty and climate change, both here and abroad. Despite the fact that many experts have shown that the effects on people’s pensions and savings will be negligible, the predictable moans have been heard from financial institutions that complain about a tax of 0.1% despite charging their clients many times that percentage in fees.

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This tax on the financial sector has the power to raise hundreds of billions every year globally. It could give a vital boost to the NHS,  schools, and the fight against child poverty in the UK – as well as tackling poverty and climate change around the world.

Yet the UK is dragging its feet. The shame. Please do your bit to push for your council to join up and for the UK as a whole to do the decent and obvious thing. Do we really want to be like the embarrassing guy portrayed so amusingly by Bill Nighy in the short film?

As Oxfam puts it, this tax isn’t complicated. Just brilliant. And so easy and painless to implement.

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Tags

Bill Nighy, Oxfam, Robin Hood Tax,