The Robin Hood Tax – 0.05% Bankers Tax to raise $400 Billion for the Poor

Robin Hood Tax (once before known as the Tobin Tax) is a proposed tax on bankers to the sum of o.05% that would raise an estimated $400 billion to tackle poverty and climate change, at home and abroad.

The supporters of the tax assert that if governments took a tax of 0.05% from international bankers’ transactions, it could generate hundreds of billions of pounds every year – that could stop cuts in crucial public services at home in UK, and help fight global poverty and climate change.

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UK Economy is in a ‘state of crisis’ says ex IMF Exec

Ex-IMF chief economist Simon Johnson, although now no longer in his role at the IMF has a lot of weight behind his name and his words should be heard. He had some worrying things to say in an interview with the BBC.

Talking to the  BBC, Simon Johnson said the UK should be seen in the same category of countries as Greece and Spain, who are facing severe debt problems.

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The UK is out of the Recession! – Video

Business / times and situations have been hard over the past 18months with many forced to cut-back heavily or worse into administration, closure or bankruptcy. Today, the BBC reported that the UK economy was out of the recession:<

The UK economy has come out of recession, after figures showed it had grown by a weaker-than-expected 0.1% in the last three months of 2009.BBC

Despite recovery signs such as an unemployment fall for the first time in 18months, many are still very tentative about the so called announced ‘recovery’ . At a nice 0.1% of growth it is hardly riveting or re-assuring news. The report was prompted by an ONS announcement today broadcast on Sky News that the UK had emerged from its recession.

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