Stop speculation!

Sustainable finance for sustainable jobs, and a Financial Transaction Tax

The core purposes of banks were once to secure people's savings and lend to citizens and businesses, to invest in the creation of real value in a productive economy, and to invest in social infrastructure, social services, education and training. The modern banking system turned into quite another beast, serving the narrow interests of financial executives and destroying jobs and businesses through the greatest financial crisis since the 1930s. Moreover, these banks became "too big to fail" and now rely on public support for their continued survival. But they are as yet not lending satisfactorily to citizens and businesses for our economic recovery. The banking system must be made to get back to basics: back to serving real customers; back to supporting real businesses. 

To know more about the financial transaction tax, please click here.

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