Joint Declaration Concerning the G20 Summit in Seoul

Ethical Markets Reforming Global Finance

The economic crisis that struck the world in 2007-2009 is evidence of the failure of neoliberal financial globalisation, which has dominated the world for the last several decades, propelling financialisation, labour flexibalisation, market liberalisation, free trade, and privatisation. Large-scale financial capital has using speculation and economic bubbles to accumulate great …

‘Robin Hood’ Tax on Bankers Could Raise as Much as UK Aid Budget

Ethical Markets Reforming Global Finance

New research published today by the Institute of Development Studies (IDS) finds that a worldwide financial transaction tax (FTT) on foreign exchange transactions could raise US$26 billion (£17.6 billion). In the UK alone it could raise US$11 billion (£7.7 billion), roughly the same as the entire UK aid budget. But …