George Osborne’s opposition to the Financial Transactions Tax is the height of madness
Angela Merkel, right-leaning Mariano Rajoy, and the man dubbed ‘Italy’s Tony Blair’ all support it, so why doesn’t George Osborne?
Angela Merkel, right-leaning Mariano Rajoy, and the man dubbed ‘Italy’s Tony Blair’ all support it, so why doesn’t George Osborne?
A year ago, Ed Miliband set out his vision of Responsible Capitalism, saying Labour was “determined to stand up against the vested interests that are imposing a surcharge culture on people”. In the past few weeks in Germany, the German trade union movement (DGB) has developed the idea of a new Marshall Plan for Europe. It is this kind of joined up thinking that we urgently need to build a credible alternative to austerity.
It’s time Britain joined the other major economies of Europe in introducing the Financial Transactions Tax to help pay down the deficit. The other option is to continue to cripple its poorest citizens.
The Financial Transactions Tax is soon to be top of the political agenda once again in Europe.
A Robin Hood Tax would be a tiny tax on the vast wealth of our financial sector; by taxing the few, we could do so much more for the many, writes Chris Keates.
It’s all to play for on the Financial Transaction Tax, aka the Robin Hood Tax – despite George Osborne’s best attempts to frustrate the campaign.