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Posts Tagged ‘Banks’

Banks vs the NHS

November 14th, 2014 by

The banks are in the news. They’ve been rigging the markets, and have been fined £1.1 billion by UK regulators because of their bad behaviour.

That’s a lot of cash. And the Government is about to decide what happens to it. So let’s make sure the money gets put to good use – by funding our NHS.

Our health service is under increasing pressure because of funding cuts, and services are being squeezed. George Osborne is about to make a decision about how the banking fines will be used. The Government want us to think that they care about the NHS. So let’s make them put their money where their mouths are and use this money to fund it.

If enough of us sign the petition today we could make it too embarrassing for Osborne to say no.

Click here to sign the petition to the Treasury today.

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Did you get a £1m bonus this year?

January 27th, 2012 by

Photograph by Getty Images

Have you seen the news today? Stephen Hester, chief of Royal Bank of Scotland (RBS), has been awarded a bonus worth £1 million.

We’ve already had to bail out RBS to the tune of billions of pounds. Since then, it has failed to meet targets set by the government for lending to small businesses. And now we’re expected to cough up £1 million to reward the chief executive for good work.

Politicians have failed to stop RBS awarding this bonus to Stephen Hester. Today, lots of them are speaking out, asking him to refuse to accept the money. A Foreign Office minster, Jeremy Brown MP, said that Mr Hestor earned more in three days than a soldier fighting in Afghanistan earns in a year.

If we all add our names to a huge petition telling Stephen Hester to refuse his bonus, we can shame him into doing the right thing.

The gap between the have and have-nots in our society is getting bigger all the time. Many wealthy bankers, politicians and businessmen seem to live in a different world from the rest of us. In their world, it’s the done thing to make as much money as possible for yourself while watching others struggle to get by.

Government ministers have done nothing to stop this massive payout – so let’s tell Stephen Hester directly that tens of thousands of us are disgusted at his bonus and demand that he do the right thing.

We’ll deliver all the signatures to him at RBS offices. He might decide that the money means more to him than his sense of what’s right and wrong. Or he might bow to our pressure and refuse to accept the payout.

One way or the other, we can send this bank boss a clear message – tens of thousands of us believe that it is wrong for him to take this money.

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UK blocking a Robin Hood Tax

November 10th, 2011 by

Robin Hood Tax Demonstration

Photograph by Delphine Bedel/Oxfam France

At the G20 summit on Monday, a large group of countries including Germany, France, Brazil and South Africa stood up to support a Robin Hood tax on the banks. But on Tuesday, George Osborne announced that the UK plans to block progress. His message from the UK to the rest of the world was loud and clear: “that’s not going to happen.”

The Robin Hood Tax is a brilliant idea. With just a tiny levy on the banks’ financial transactions, we could generate billions to invest in sustainable development, reducing poverty and tackling climate change. More and more countries across the globe are agreeing that now is the time to bring in the tax. It would be a tragedy if UK banking lobbyists blocked progress.

We’ve got just a few weeks to change our government’s tune. On 9th December, David Cameron will attend a European summit. The Robin Hood Tax should be on the table. We need to make sure we put him under overwhelming pressure not to block progress.

Last year, more than half the Conservative Party’s donations came from bankers. David Cameron is already worried that people think his government is in bed with banking lobbyists. We know that he changes his mind when hundreds of MPs tell him that voters aren’t happy. If enough of us email our MPs about the UK blocking the Robin Hood Tax, Cameron could decide this isn’t worth the damage to his reputation.

So let’s prove that the public are watching whose side he takes. Along with lots of others including Oxfam, Save the Children and Friends of the Earth, we can show him he can’t afford to side with the bankers against the rest of us.

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Delivering our Robin Hood Tax message

November 2nd, 2011 by

38 Degrees with Bob Russel, MP for Colchester, outside Parliament this morning

This morning, 38 Degrees volunteers went down to Westminster to deliver the petition on calling for a Robin Hood Tax, and take our message to MPs as they arrived at work. Alongside volunteers from Oxfam, Save the Children and lots of other organisations, we spent over an hour outside Parliament.

We caught lots of MPs on their way into the Houses of Parliament and asked them to put pressure on David Cameron before he leaves for the world leaders’ G20 meeting tomorrow. And at least one of them did: Caroline Lucas asked David Cameron in Prime Minister’s Questions if he would listen to the protesters outside parliament and the 80,000 people (including over 15,000 38 Degrees members) who have signed the petition asking him to back the Robin Hood Tax at the global meeting.

What will David Cameron do this week? Will he listen to the bankers and vote against putting the brakes on banks? Or will he back a tax to help fight poverty, combat climate change and protect public services, schools and hospitals? There’ll be more news from the G20 talks in France coming soon on the 38 Degrees blog.

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Tell Cameron to tax the banks

November 1st, 2011 by

David Cameron has a choice this Thursday when he meets with other world leaders in France- will he sign the UK up to a Robin Hood Tax, to reduce reckless gambling by the banks and raise billions for the world’s poorest people? Or will he try to block it?

Around the world, the pressure to support a Robin Hood Tax has grown- people power has helped persuade leaders to sign up to the plan. Now, we have an important role to play here in the UK. It looks like it could go either way. So far David Cameron has opposed a Robin Hood Tax. But as more and more governments sign up, Cameron wouldn’t want to look isolated on the international stage.

A big petition in the UK this week could tip the balance globally. Over 100 organisations, including 38 Degrees, Oxfam, Save the Children and the RSPB, are working together to deliver as many messages to David Cameron as possible.

British bankers have been leaning on David Cameron to block the tax. But together, we can make sure the UK doesn’t stop these plans going forward. We know that banks played a massive role in causing our economic crisis- the Robin Hood Tax would crack down on the free reign the banks have had with our money, and force them to make a fair contribution. The money raised could reduce poverty, improve public services and help get climate change under control.

If enough of us sign the petition to tell David Cameron we want the UK to play a positive role, he will think twice about blocking the Robin Hood Tax at next week’s global meeting.


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