The UK is set to miss out on billions of pounds of public spending as other countries in Europe push ahead with a Financial Transaction Tax (FTT) leaving David Cameron sidelined.
While billions have gone to banks and brokers in bailouts and bonuses, the main parties are competing with each other over how much needs to be lopped off public services in order to reduce national debt and keep the IMF happy.
Robin Hood Tax campaign member organisations and supporters are writing to the three main party leaders (and those co-ordinating their manifestos) pressing them to back a small but vital tax on financial transactions - a dividend for social and environmental needs - in the forthcoming General Election.
The URC is backing the ‘Robin Hood Tax’ campaign launched today (Wednesday 10 February) by a broad coalition of domestic charities, aid agencies, unions, faith organisations and green groups.
City financiers and Britain’s three largest political parties have reacted with horror to the idea of a banking tax proposed by the head of the Financial Services Authority.