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In a nutshell, the big idea behind the Robin Hood Tax is to generate billions of pounds – hopefully even hundreds of billions of pounds. That money will fight poverty in the UK and overseas. It will tackle climate change.
And it will come from fairer taxation of the financial sector.
It would take less than three minutes of a UK Robin Hood Tax’s revenue to employ one newly qualified nurse, teacher AND a police constable for a year.
In just over 5 days a UK Robin Hood Tax’s revenue could pay for 10,000 newly qualified teachers to be employed for a year.
It would take less than one week of a UK Robin Hood Tax’s revenue to fund the salaries of 4,000 new police constables, 4,000 newly qualified nurses and 4,000 teachers.
It would take less than two weeks of a UK Robin Hood Tax’s revenue to pay for an extra newly qualified teacher in every primary school in the UK.
One day of a UK Robin Hood Tax’s revenue would pay for over 3 million additional hours of home care to help some of the most vulnerable people in society.
3 days of a UK Robin Hood Tax’s revenue would pay for at least 1,000 new affordable homes to be built.
Two and a half weeks’ revenue from a UK Robin Hood Tax would deliver the same amount of money that families are losing through having their child benefit frozen for 3 years.
