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Introduce a 'Robin Hood Tax' to restore public services

Submitted on Thursday 4th August 2011

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

Introduce a 'Robin Hood Tax' to restore public services

Additional Information

Introducing a Financial Transaction Tax (FTT) of 0.05% on every transaction made in cyber-space will raise an estimated £250 billion a year, globally. These exist in small quantities in other countries, but a development of them in the UK economy in areas such as currency transactions and derivatives, would produce an astonishing amount of money that could prevent the job losses and cuts to public services that the electorate is currently told is necessary. A tax of £5 in every £1,000 could reduce the reckless gambling of the banks that lead to the financial crisis, and go towards re-opening libraries, the EMA, reducing child poverty, providing aid and caring for the vulnerable.

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This petition was rejected

The Government e-Petitions Team gave the following reason:

There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

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