Letter: Robin Hood tax

Much of the debate following the comprehensive spending review is whether it was fair to everyone (your report, 25 October). However, it is not a fair deal when the vulnerable suffer and the banks continue to prosper.

The bank levy as outlined in the spending review does not go far enough to compensate the public for the financial crisis the banks caused. The only fair way is a "Robin Hood tax".

This would be a small tax which could generate up to 20 millio. The revenue raised could be used to combat child poverty and create a fairer society.

Robin Hall

Great Western Road

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As an unwilling shareholder, ie taxpayer, reviewing the bailed out banks repayment system, I would be grateful if Mr Osborne would check the batteries in his pocket calculator.

As our UK bank manager, he should follow the same criteria as the banks and apply the same interest rates and charges with which they are punishing their creditors.

It is extremely doubtful that these banks could meet the conditions they apply to businesses and individuals by proving that they are viable, trustworthy and have the ability to meet repayments at the current, average rates which they deem to be fair to their customers/ creditors.

The argument that this government does not want to pass on the current debt to our descendants is remarkable and naive in the extreme and all this "fair society" rhetoric is an insult to all hard working families who are being forced to pay off the debts of others.

Archie Finlayson

Montgomery Road

Kinross

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