New Robin Hood Tax To Help Make Homes Energy Efficient

A brand new Robin Hood Tax on all transactions between financial intuitions has been proposed by a coalition of charities, aid agencies and unions. The plan is for this new so-called Robin Hood Tax to help make homes more energy efficient.

Right now it is anticipated that the tax could raise up to £250 billion a year to help tackle things like climate change, fight poverty and even protect public services. According to the website of the campaigner’s, the UK poverty fighting charities who are supporting the Robin Hood Tax have highlighted tackling child poverty, reforming the welfare system, and investing in affordable housing which can be energy efficient. However, that is just the start of what this money can be used for.

The Salvation Army and ActionAid are among some of the organizations that are calling for support for the levy on financial dealing between banks. A new online campaign has just recently been launched in the UK starring actor Bill Nighy to try and gather more support for this tax. This tax would see the money split between domestic services and international development projects.

Of course, since this Robin Hood Tax, which gets its name from taking from the wealthy or banks and giving to the poor, aims at making homes energy efficient. It will be helping people save money on their power bills. In the end, this new tax would be helping the government reach its lower carbon emissions goals. Cutting energy bills is not just a concern of home owners however, as it is also a concern of businesses.

Not everyone seems to think that this new tax is a good idea. It’s easy to guess, but the banks seem to think that this new tax is not a good idea. However, it’s hard to imagine why?