Stamp Out Poverty  
Campaigning for new sources of finance for development and climate change
May 2013   bul Visit the website bul Read this online

Tell George Osborne to drop the legal challenge to the the European financial transaction tax

Just a few months ago we were delighted to share the good news with you: eleven countries in Europe pledged to introduce Robin Hood Taxes — netting a combined whopping £30 billion. It’s hard to believe, but those taxes are now under threat from our government.

These taxes were the result of European leaders listening to millions of ordinary people demanding the banks pay their fair share. George Osborne tried to block progress at every turn but European leaders fought on and we got the right result. But after losing the moral and practical arguments George Osborne is resorting to a desperate legal challenge to try to block these countries from introducing their own taxes.

We need to act fast to stop this dastardly Sheriff of Nottingham move and ensure these countries can introduce Robin Hood Taxes. Osborne tried to sneak this one unnoticed late on a Friday afternoon. But by speaking up and standing together we can send a clear message – we know what’s happening and we won’t let them get away with it.

Can you sign the petition to stop this uncalled for legal challenge?

Already over 10,000 people have taken action and asked Osborne to drop the legal challenge.

Make no mistake this is not about defending British interests in Europe — it’s about defending the interests of this Government’s friends in the City of London. This legal challenge should be seen for what it is: a desperate last-ditch effort to protect the obscene profitability of our bloated financial sector.

In the UK, and across Europe we all paid to bail out the banks. And millions of us are still feeling the pain. These proposed financial transaction taxes are small but significant steps in ensuring the banks begin to pay their fair share. And that £30 billion would provide vital funds that can pay for doctors and nurses, help people in the poorest countries and fight climate change.

Yes, I will sign the petition telling Chancellor George Osborne to drop this legal challenge.

Support for this tax is overwhelming: world leaders, faith leaders, economists, Nobel prize winners all cheered the lead taken by European countries. Don’t let George Osborne wreck this progress.


The Stamp Out Poverty Team


Stamp Out Poverty
PCS Head Offices, 160 Falcon Road, London, SW11 2LN
Call (020) 7374 0305

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