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Posts Tagged ‘Robin Hood’

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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