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.
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.
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 too. Like Lord Turner (from the Financial Services Authority), George Soros (the philanthropist) and 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 transcends party politics and which – with your support – can become a reality.”