Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News - 16/2/2010

Bank Reclaim: First MP offers backing to Robin Hood bank tax

A Welsh MP has become the first cabinet minister to give his backing to the so-called Robin Hood Tax.

Welsh Secretary Peter Hain has pledged full support to the campaign initiated by UK musician Billy Bragg, according to an internet blog by the politician.

Writing on the Progress website yesterday, Mr Hain said: "Given the need, given the elegant simplicity of the proposed solution, and given the popular feeling that speculation in the finance sector caused the crisis but has done nothing to end it, it is perhaps not surprising how broad the Robin Hood Tax campaign is."

The Robin Hood Tax, which has gained the full support of major charities, celebrities and public organisations, would see a 0.05 per cent bank levy on international transactions of over £1,000.

It is predicted the 50p tax could generate in the region of £350 billion per year which would be distributed among charities and climate change projects as well as pumped back into the economy to help encourage financial stability.

With major organisations including Oxfam, Save the Children, Greenpeace and the RSPB supporting the initiative, Mr Hains added that "Robin Hood might be about to do one final service to global social justice".

Belmont Thornton can help you make a PPI claimPayment Protection Insurance Claim, or a credit card charges claim. For free PPI Claim advice call 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19617790-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide