| Robin Hood to pay for Global Worming |
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The Robin Hood Tax is a tiny tax on bankers that would give billions to tackle poverty and climate change, here and abroad. This tax on banks – not you or I - has the power to raise hundreds of billions every year. It could give a vital boost to the NHS, our schools, and the fight against child poverty in the UK – as well as tackling poverty and climate change around the world. NCVO among more than 60 organisations that have pledged their support for a Robin Hood Tax on banking transactions The campaign, led by Oxfam and TUC, calls for a 0.05% tax on financial transactions between banks to help repair damage caused by the global economic crisis. It would raise billions of pounds a year, given the size of transactions, to protect public services in the UK, fight poverty abroad and help foot the bill for climate change. NCVO’s chief executive, Stuart Etherington, said: "We believe in the good society, which promotes fairness and social justice. This tax will help achieve our aim." The tax would not be levied on banks' transactions with their high street customers, but only apply to transactions between financial institutions. |
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