Economic Crisis in the UK

The banking crisis has hit people in the UK hard. They are losing their jobs, crucial services and most alarmingly their homes.

1.7 million children in the UK live in severe poverty, that means living without basic necessities such as clothing and food – the banking crisis has only made this worse.

Recent weeks and the events in Greece have again shown that the markets retain too much power over society

The UK Government now has such a huge deficit to pay back that cuts to our vital services, such as the NHS are inevitable. These cuts will only push people further into debt and deeper into poverty.

Couple this with the increase in VAT from 17.5 to 20% and you have a recipe for dark times for those already in need.

So what can we do about all this? Well, a clear commitment from Government to tackle the deficit, end UK poverty and protect public services would be a good start. But that, of course, will cost money.

The Robin Hood Tax could raise billions every year to help those hit hardest by the economic crisis, at home and abroad.