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Dear John,
I’m sorry but the email we sent last night about our protest outside the Bank of England had a broken link.
If you’d like to share the new YouGov poll results on Twitter showing that most people support our campaign for a windfall tax on bank profits, please click here instead.
Best wishes for a lovely weekend, Hannah |
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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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Banks have made billions in extra profits thanks to the rate hikes, whilst the rest of us have been suffering. So at 8am this morning we joined the Equality Trust and supporters outside the Bank of England to call for an end to relentless rate rises and for a windfall tax on banks - and most people agree!
YouGov released new polling today that shows most people are behind us: nearly 60% support a windfall tax on banks, while only 12% oppose, and 30% ‘Don’t know’. [1] |
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This shows we’ve still got a lot of work to do to spread the news about this campaign John, and we need your help to do it… |
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Or share the results 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. |
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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.
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We’ve been saying from the start John that interest rates are the wrong tool for fighting inflation. They’ve caused rent, mortgages and debt repayments to soar and small businesses to suffer. Recession is not a strategy. We need the government to step in and act now. We need to #TaxTheBanks.
With your help, we can push the government to take this issue seriously. Just like they did with the windfall tax on energy companies. If you can spare 1 minute, please: |
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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
Notes [1] Positive Money: UK public support windfall tax on banks, polling shows |
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