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MPs support Sterling Stamp Duty - Take Action!
The All Party Parliamentary Group (APPG) for Debt, Aid and Trade yesterday published a report into innovative finance for development, in which it calls on the government to consider imposing a 0.005% levy on sterling currency transactions as a way of raising money to combat global poverty.
• Posted on Nov 8, 2007
We now need your help to maximise the impact of this parliamentary report. To TAKE ACTION please read on.
Contact your MP
Write to your MP to ask him/her how the Chancellor of the Exchequer intends to respond to the principal recommendation of the new Debt, Aid and Trade APPG report, that; 'the UK Government undertake rigorous research in an open and transparent manner into the implementation of a 0.005% stamp duty on all sterling foreign exchange transactions, to provide additional revenue to help bridge the significant funding gap required to meet the Millennium Development Goals.'
Your MP is obliged to seek an answer from the Chancellor and respond to your enquiry within weeks. Stamp Out Poverty would be very pleased if you would let us know what response you receive from your MP.
The easiest way to contact your MP is by email. If you do not know your MPs email address, visit the parliament website, enter your postcode and this should lead you to information about who your MP is and how to contact him/her.
If you have any problems or would like further information, please reply to this email.
The commitments made by the UK government to meet the Millennium Development Goals will not be fulfilled without new and additional finance, and the resounding support from cross-party parliamentarians for the sterling stamp duty as a means to address this devastating shortfall, leaves the government with little excuse not to take the proposal very seriously.
Thank you for your help.
Best wishes
The Stamp Out Poverty team
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