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Proceeding contribution from Graham Allen (Labour) in the House of Commons on Wednesday, 10 March 2010. It occurred during Adjournment debate on International Financial Transactions (Tax).


International Financial Transactions (Tax)

My hon. Friend pulled together the parliamentary aspect of the Robin Hood campaign. He more than anyone knows that this is a very broad coalition that includes not just the obvious figureheads from the world of entertainment, theatre and celebrity but hard-working third sector organisations such as Barnado's, Friends of the Earth, Oxfam and many, many others. On the point that he raises, there needs to be a new social contract between bankers, on the one hand, and the rest of society. We will need to have international flows of currency—they are absolutely enormous and dwarf the GDP of every country in the world—but some of that can be used for purposes that benefit the whole world and individual nations. Somehow it is incumbent on those in international finance and banking to say, "We cannot go on as we were. We need to restore our reputation and we want to be part of the family." Perhaps this scheme is one way in which they, with all their financial expertise, can move things forward. I had a speech, but I have given way many times to demonstrate the support and the interest on the issue throughout the House. It is probably more important to demonstrate that than it is for me to put on record some of the key points of the campaign. Those points are available on the Robin Hood tax website, and I ask all those present who are missing out on my gems to access the website and see some of the basic planks of the campaign and the answers to many of those frequently asked questions.


Secondary information

Type
Proceeding contribution
Reference
507 c135-6WH 
Session
2009-10
Chamber / Committee
Westminster Hall
Subjects
Bank services Financial services Taxation Tobin tax
Link
View this Proceeding contribution on www.publications.parliament.uk