robin hood tax

Nearly 50 organisations, including charities such as Oxfam, unions and green lobby groups, have joined forces to urge the government to push for what it calls a Robin Hood Tax. They argue that a tax of just 0.05 per cent on global transactions between financial institutions - five pence for every £1,000 traded - would be enough to raise hundreds of billions of pounds to help fight poverty, protect public services and tackle climate change.

Although it might leave 0.05 per cent less for bonus payments!