Poll: banks not paying fair share for crisis


10:00 am - May 22nd 2012

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contribution by Anna Nolan

In his first meeting with new French President, Francois Hollande, Cameron made it clear the UK would veto any European moves towards a financial transaction tax (or Robin Hood tax).

This position is in stark contrast to opinion, as new polling from the Robin Hood Tax campaign shows most Britons think the financial sector is not paying its fair share.

The survey of more than 1,000 people across England, Scotland and Wales, carried out by Ipsos MORI for the Robin Hood Tax campaign, found that more than three-quarters (77%) of the British public think the Government has not done enough to ensure we are “all in this together”.

71% of those adults who believed the government had not done enough thought banks are “not being asked to pay their fair share”.

By comparison 67% felt that high income earners were not paying their fair share.

People are tired of seeing their schools and hospitals cut while a sector that relied on taxpayers money to survive gives lottery-sized bonuses to bankers whatever their performance.

More than two-thirds (68%) of adults thought financial donations to the Conservative party affected their decisions on regulation and taxation of the City of London.

The Robin Hood Tax campaign is calling on the Government to back international moves in Europe and beyond for a financial transaction tax (FTT).

Extending the UK’s current tax on share transactions to bonds, currencies and derivatives could raise an additional £20bn to tackle poverty at home and abroad and fight climate change.

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Reader comments


1. Shrugged...

This £20bn – who pays it, who collects it and who decides how it might be spent?

2. Tyler

Ugh…honestly, the Robin Hood Tax campaigners are either totally deaf or a bunch of morons.

How many times does it have to explained to them that such a tax would either be paid by the end users, not banks, that it would push a lot of trading offshore to tax free locations, and by the EC’s very own calculations it would damage growth.

3. Cherub

I see Tylers back. Pity.


Reactions: Twitter, blogs
  1. Liberal Conspiracy

    Britons: banks not paying fair share for crisis http://t.co/Vx9ciYqi

  2. Jason Brickley

    Britons: banks not paying fair share for crisis http://t.co/QN0g9XBh

  3. post cromwell

    Britons: banks not paying fair share for crisis http://t.co/Vx9ciYqi

  4. Mark Silver

    Britons: banks not paying fair share for crisis http://t.co/Vx9ciYqi

  5. leftlinks

    Liberal Conspiracy – Britons: banks not paying fair share for crisis http://t.co/peLo5xxr

  6. Caroline Molloy

    71% of Britons say banks shd pay more tax, 67% say high earners shd pay more tax. Lab shd say this 2 http://t.co/7EH2uH9e

  7. BevR

    Britons: banks not paying fair share for crisis http://t.co/Vx9ciYqi

  8. Paul Trembath

    Liberal Conspiracy – Britons: banks not paying fair share for crisis http://t.co/peLo5xxr

  9. The Spirit Level Doc

    Great post from @annacnolan @libcon http://t.co/CQiDxdEL "banks not paying fair share for crisis". A reason why we need @SpiritLevelDoc?

  10. Tony Hatfield

    Great post from @annacnolan @libcon http://t.co/CQiDxdEL "banks not paying fair share for crisis". A reason why we need @SpiritLevelDoc?

  11. TUCGlobal

    Great #RobinHoodTax global week of action blog http://t.co/prmyN4AD

  12. Robin Hood

    NEW Polling from us: Britons: banks not paying fair share for crisis | Liberal Conspiracy http://t.co/bW5peV7T via @libcon

  13. Martin Johnston

    NEW Polling from us: Britons: banks not paying fair share for crisis | Liberal Conspiracy http://t.co/bW5peV7T via @libcon

  14. Fr33M@son

    NEW Polling from us: Britons: banks not paying fair share for crisis | Liberal Conspiracy http://t.co/bW5peV7T via @libcon

  15. Rachel

    NEW Polling from us: Britons: banks not paying fair share for crisis | Liberal Conspiracy http://t.co/bW5peV7T via @libcon

  16. UNISON UU

    Great #RobinHoodTax global week of action blog http://t.co/prmyN4AD

  17. Juan José de Celis

    NEW Polling from us: Britons: banks not paying fair share for crisis | Liberal Conspiracy http://t.co/bW5peV7T via @libcon

  18. StevenToms

    NEW Polling from us: Britons: banks not paying fair share for crisis | Liberal Conspiracy http://t.co/bW5peV7T via @libcon

  19. OccupyUSA

    NEW Polling from us: Britons: banks not paying fair share for crisis | Liberal Conspiracy http://t.co/bW5peV7T via @libcon

  20. Robin Hood: backed by the rich, backed by the rest, says new poll | ToUChstone blog: A public policy blog from the TUC

    […] the Robin Hood Tax campaign asked similar questions in a slightly smaller poll recently (and got similar answers), and the International Trade Union Confederation (ITUC) is polling people in more than a dozen […]

  21. Robin Hood tax: backed by the rich AND the rest, says new poll | Liberal Conspiracy

    […] the Robin Hood Tax campaign asked similar questions in a slightly smaller poll recently (and got similar answers), and the International Trade Union Confederation (ITUC) is polling people in more than a dozen […]





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