Robin Hood tax campaign launched
- Robin Hood tax proposed to create funding to fight poverty
- Brown concedes pressure for global banking tax is rising
A group calling itself ‘The Robin Hood Tax campaign’ is calling for the government to back a tax on banks’ financial transactions which would be used to tackle poverty and climate change.
It says that by taking an average of 0.05% from speculative banking transactions, hundreds of billions of pounds could be raised every year – enough to stop cuts in public services in the UK and fund initiatives to fight global poverty.
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