Unitarians Support Robin Hood Tax

Derek McAuley, Chief Officer said "Both David Cameron and Nick Clegg replied to supporters of the Robin Hood tax on the eve of the election, saying they both would support some form of tax on banks. But so far both have fallen far short of a true Robin Hood Tax. They both agreed the UK should press ahead with a bank tax or taxes without waiting for the rest of the world. I understand that the Liberal Democrats believe a financial transaction tax should help the poorest in the world.

With these parties government they have the chance to act on these commitments, and indeed to go further and deliver a Robin Hood Tax.

With the negotiations to form a new Government over, the new Conservative/Liberal Democrat coalition government will immediately be presented with its most urgent and pressing task; finding ways to tackle the deficit while reducing poverty and protecting public services in the UK and beyond.

Unitarians would urge the new Administration to agree and implement a tax on banks and the financial sector that would raise tens of billions of pounds annually in the UK . We believe the best way to raise this money is through a tiny tax on financial transactions. The revenue from any type of tax should be used to protect the poorest at home and abroad and to fight climate change."