- Home >
- News & Events >
- News >
- Climate Change news >
- Archive >
- 2010 >
- The Robin Hood Tax
- 2010
- Join the Big Climate Connection
- The UK's Climate Change Act goes on tour
- Gulf of Mexico oil spill
- Science demands we Get Serious About CO2
- Climate change reports and briefings round-up
- Under inspection
- Planning and the climate challenge
- Councils getting paid to generate green energy
- Bonn climate talks
- Key role for local councils if UK is to meet renewable energy targets
- Join the debate - Change trade not our climate
- Councils allowed to sell electricity
- The Robin Hood Tax
- Friends of the Earth in private meeting at UN
- Goodbye, de Boer
- Elementary, my dear Watson
- An evening of climate justice - London
- 100 days in and a long way to go
- Good Energy winter price freeze
- Big step forward for Warm Homes campaign
- Charities unite to protect tenants from cold
- One in three Brits too cold at home
- Insulating homes could save lives
- UK’s poorest left out in the cold by Government cuts
- Councils leading the way with green policies
- Councils petition Huhne for local action on climate
- Adios, amigos
- Big boost for Local Carbon Budgets campaign
The Robin Hood Tax1 April 2010
The Robin Hood Tax is a tiny tax on banks, hedge funds and other financial institutions.
It would raise billions to tackle poverty and climate change, at home and abroad.
The tax would start as low as low as 0.005% and average 0.05%.
When imposed on the billions of pounds sloshing around the global financial system, it could raise hundreds of billions of pounds every year.
And while an 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.
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.
Supporting the tax
Gordon Brown, Angela Merkel (the German Chancellor) and Nicolas Sarkozy (the French President) have all spoken out in support of a tax on financial transactions.
Plenty of business bigwigs are on-board, including:
- Lord Turner (from the Financial Services Authority)
- George Soros (the philanthropist)
- Warren Buffet (US businessman extraordinaire)
And then there are the hundreds of economists who have backed the idea, too.
This isn't some crazy pipedream.
It's a simple and brilliant idea which goes beyond party politics and which - with your support - can become a reality.
Press for change
Still not sure? Watch this...
