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The Bank of England paused interest rate hikes today John! But after the pain of 14 rises in a row, now more than ever, it’s time to #TaxTheBanks. |
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We joined the Equality Trust and supporters outside the Bank from 8am this morning, to call for an end to relentless rate hikes and for a windfall tax on banks - and some MPs agree!
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Please hit the buttons below to share the petition to #TaxTheBanks today, it only takes 30 seconds! |
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Or share the campaign via email by forwarding to a friend now.
Soaring interest rates over the last few years have caused misery for millions of us. Meanwhile, the big four banks; Lloyds, Barclays, NatWest, and HSBC, made nearly £30 billion in profit in the first half of 2023, thanks to higher interest rates.
So today’s decision is a rare bit of positive news John. It shows that when enough of us pile on the pressure and speak out together, powerful institutions like the Bank of England are willing to listen. But this fight is far from over.
Families are struggling to put food on the table. NHS doctors are on strike. Our schools are literally crumbling. A tax on bank profits could bring in over £20 billion; new money we could spend on all these things this government says we can’t afford.
And most people agree John. YouGov released new polling today that shows nearly 60% support a windfall tax on banks, while only 12% oppose, and 30% ‘Don’t know’. [1]
We’ve still got work to do to spread the news about this campaign John, and we need your help to do it… |
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Thanks so much to those of you who came along to join us this morning, and keep your eyes peeled for news about a Halloween-themed action next month…
All the best, Hannah
Hannah Dewhirst Head of Campaigns, Positive Money |
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