There is a tussle going on at the heart of government: how to pay for the pandemic crisis, and balance the books now the economy has shrunk.
Increasing corporation tax, VAT, fuel duty; slashing pension tax relief. There’s been talk of all of these and more, while Boris Johnson wants to find ways to cut spending.
But one tax option hasn’t been mentioned -- a Robin Hood Tax that financial corporations pay when they trade in stocks and bonds. This tax on the wealthiest to fund our public services could generate a whopping £25 billion over the course of a parliament!
If we start with a huge petition now -- ahead of next month’s budget -- we can show there’s public backing for a fair tax plan where the wealthiest shoulder the biggest burden.
In doing so we could keep another round of austerity firmly off the table. Can you sign today