Tobin Tax

EDM number 595 in 2000-01, proposed by Harry Barnes on 23/04/2001.

That this House notes that international currency speculation currently stands at about $1.5 trillion a day and that the vast majority of this is unrelated to trade in real goods and services; further notes that such enormous speculative flows substantially undermine the powers of national governments and regional blocs; believes that a small levy on such speculation, known as the Tobin Tax, after the name of the Nobel Laureate who originated the concept, could both help to dampen down the scale and scope of speculation and raise substantial revenues, raising as much as $250 billion each year for good causes such as development and environmental protection; recognises that such a levy would have to be universal or as near to that as possible and contain safeguards to minimise and eliminate tax evasion; notes that the Tobin Tax has the backing of the Canadian Parliament, the Belgian Parliament, the Finnish Government and campaign groups such as War on Want; and urges the Government to discuss the concept with its partners in international organisations such as the World Trade Organisation, the IMF, G8 and the European Union with a view to drawing up an internationally co-ordinated and feasible tax regime for currency speculation.

This motion has been signed by a total of 145 MPs.

MP	Date	Constituency	Party	Type
Harry Barnes	23/04/2001	North East Derbyshire	Labour	Proposed
Huw Edwards	23/04/2001	Monmouth	Labour	Signed
Bill Etherington	23/04/2001	Sunderland North	Labour	Signed
Ronnie Fearn	23/04/2001	Southport	Liberal Democrat	Signed
Maria Fyfe	23/04/2001	Glasgow, Maryhill	Labour	Signed
George Galloway	23/04/2001	Glasgow, Kelvin	Labour	Signed
Andrew George	23/04/2001	St Ives	Liberal Democrat	Signed
Ian Gibson	23/04/2001	Norwich North	Labour	Signed
Norman Godman	23/04/2001	Greenock & Inverclyde	Labour	Signed
Roger Godsiff	23/04/2001	Birmingham, Sparkbrook & Small Heath	Labour	Signed
Tommy Graham	23/04/2001	West Renfrewshire	Independent Labour	Signed
Diane Abbott	23/04/2001	Hackney North & Stoke Newington	Labour	Signed
Win Griffiths	23/04/2001	Bridgend	Labour	Signed
Julia Drown	23/04/2001	South Swindon	Labour	Signed
David Drew	23/04/2001	Stroud	Labour Co-operative	Signed
Robin Corbett	23/04/2001	Birmingham, Erdington	Labour	Signed
Jeremy Corbyn	23/04/2001	Islington North	Labour	Signed
Jim Cousins	23/04/2001	Newcastle upon Tyne Central	Labour	Signed
David Crausby	23/04/2001	Bolton North East	Labour	Signed
Ann Cryer	23/04/2001	Keighley	Labour	Signed
John Cummings	23/04/2001	Easington	Labour	Signed
Jim Cunningham	23/04/2001	Coventry South	Labour	Signed
Ron Davies	23/04/2001	Caerphilly	Labour	Signed
Terry Davis	23/04/2001	Birmingham, Hodge Hill	Labour	Signed
Janet Dean	23/04/2001	Burton	Labour	Signed
Jim Dobbin	23/04/2001	Heywood & Middleton	Labour Co-operative	Signed
Brian H Donohoe	23/04/2001	Cunninghame South	Labour	Signed
John Gunnell	23/04/2001	Morley & Rothwell	Labour	Signed
Mike Hancock	23/04/2001	Portsmouth South	Liberal Democrat	Signed
John Austin	23/04/2001	Erith & Thamesmead	Labour	Signed
Jenny Tonge	23/04/2001	Richmond Park	Liberal Democrat	Signed
Jon Trickett	23/04/2001	Hemsworth	Labour	Signed
Neil Turner	23/04/2001	Wigan	Labour	Signed
Rudi Vis	23/04/2001	Finchley & Golders Green	Labour	Signed
Jim Wallace	23/04/2001	Orkney & Shetland	Liberal Democrat	Signed
Joan Walley	23/04/2001	Stoke-on-Trent North	Labour	Signed
Robert Wareing	23/04/2001	Liverpool, West Derby	Labour	Signed
Steve Webb	23/04/2001	Northavon	Liberal Democrat	Signed
Brian White	23/04/2001	North East Milton Keynes	Labour	Signed
Dafydd Wigley	23/04/2001	Caernarfon	Plaid Cymru	Signed
Mike Wood	23/04/2001	Batley & Spen	Labour	Signed
Mark Todd	23/04/2001	South Derbyshire	Labour	Signed
Simon Thomas	23/04/2001	Ceredigion	Plaid Cymru	Signed
David Taylor	23/04/2001	North West Leicestershire	Labour Co-operative	Signed
Norman Baker	23/04/2001	Lewes	Liberal Democrat	Signed
Jackie Ballard	23/04/2001	Taunton	Liberal Democrat	Signed
Roy Beggs	23/04/2001	East Antrim	UUP	Signed
Hilary Benn	23/04/2001	Leeds Central	Labour	Signed
Tony Benn	23/04/2001	Chesterfield	Labour	Signed
Roger Berry	23/04/2001	Kingswood	Labour	Signed
Peter Bottomley	23/04/2001	Worthing West	Conservative	Signed
David Stewart	23/04/2001	Inverness East, Nairn and Lochaber	Labour	Signed
Ian Stewart	23/04/2001	Eccles	Labour	Signed
Paul Stinchcombe	23/04/2001	Wellingborough	Labour	Signed
Andrew Stunell	23/04/2001	Hazel Grove	Liberal Democrat	Signed
Tony Worthington	23/04/2001	Clydebank & Milngavie	Labour	Signed
Peter Pike	23/04/2001	Burnley	Labour	Signed
Brian Iddon	23/04/2001	Bolton South East	Labour	Signed
Eric Illsley	23/04/2001	Barnsley Central	Labour	Signed
Ieuan Wyn Jones	23/04/2001	Ynys M	Plaid Cymru	Signed
Lynne Jones	23/04/2001	Birmingham, Selly Oak	Labour	Signed
Nigel Jones	23/04/2001	Cheltenham	Liberal Democrat	Signed
Paul Keetch	23/04/2001	Hereford	Liberal Democrat	Signed
Fraser Kemp	23/04/2001	Houghton & Washington East	Labour	Signed
Oona King	23/04/2001	Bethnal Green & Bow	Labour	Signed
Tess Kingham	23/04/2001	Gloucester	Labour	Signed
Archy Kirkwood	23/04/2001	Roxburgh & Berwickshire	Liberal Democrat	Signed
Jackie Lawrence	23/04/2001	Preseli Pembrokeshire	Labour	Signed
Simon Hughes	23/04/2001	North Southwark & Bermondsey	Liberal Democrat	Signed
Kelvin Hopkins	23/04/2001	Luton North	Labour	Signed
Evan Harris	23/04/2001	Oxford West & Abingdon	Liberal Democrat	Signed
Kerry Pollard	23/04/2001	St Albans	Labour	Signed
Bill Rammell	23/04/2001	Harlow	Labour	Signed
Geoffrey Robinson	23/04/2001	Coventry North West	Labour	Signed
Ernie Ross	23/04/2001	Dundee West	Labour	Signed
Bob Russell	23/04/2001	Colchester	Liberal Democrat	Signed
Phil Sawford	23/04/2001	Kettering	Labour	Signed
Barry Sheerman	23/04/2001	Huddersfield	Labour Co-operative	Signed
Alan Simpson	23/04/2001	Nottingham South	Labour	Signed
Dennis Skinner	23/04/2001	Bolsover	Labour	Signed
Geraldine Smith	23/04/2001	Morecambe & Lunesdale	Labour	Signed
Martin Smyth	23/04/2001	Belfast South	UUP	Signed
David Lepper	23/04/2001	Brighton, Pavilion	Labour Co-operative	Signed
Ken Livingstone	23/04/2001	Brent East	Independent	Signed
Richard Livsey	23/04/2001	Brecon & Radnorshire	Liberal Democrat	Signed
Tom Brake	23/04/2001	Carshalton & Wallington	Liberal Democrat	Signed
Karen Buck	23/04/2001	Regent's Park and Kensington North	Labour	Signed
Menzies Campbell	23/04/2001	Fife North East	Liberal Democrat	Signed
Ronnie Campbell	23/04/2001	Blyth Valley	Labour	Signed
Dale Campbell-Savours	23/04/2001	Workington	Labour	Signed
Martin Caton	23/04/2001	Gower	Labour	Signed
David Chaytor	23/04/2001	Bury North	Labour	Signed
Ann Clwyd	23/04/2001	Cynon Valley	Labour	Signed
Harry Cohen	23/04/2001	Leyton & Wanstead	Labour	Signed
Iain Coleman	23/04/2001	Hammersmith & Fulham	Labour	Signed
Michael Connarty	23/04/2001	Falkirk East	Labour	Signed
Frank Cook	23/04/2001	Stockton North	Labour	Signed
Lembit	23/04/2001	Montgomeryshire	Liberal Democrat	Signed
Mark Oaten	23/04/2001	Winchester	Liberal Democrat	Signed
Elfyn Llwyd	23/04/2001	Meirionnydd Nant Conwy	Plaid Cymru	Signed
Andrew Love	23/04/2001	Edmonton	Labour Co-operative	Signed
Alice Mahon	23/04/2001	Halifax	Labour	Signed
John McAllion	23/04/2001	Dundee East	Labour	Signed
Chris McCafferty	23/04/2001	Calder Valley	Labour	Signed
John McDonnell	23/04/2001	Hayes & Harlington	Labour	Signed
John McFall	23/04/2001	Dumbarton	Labour Co-operative	Signed
Michael Moore	23/04/2001	Tweeddale, Ettrick & Lauderdale	Liberal Democrat	Signed
Austin Mitchell	23/04/2001	Great Grimsby	Labour	Signed
Ray Michie	23/04/2001	Argyll & Bute	Liberal Democrat	Signed
Bill Michie	23/04/2001	Sheffield, Heeley	Labour	Signed
Tony McWalter	23/04/2001	Hemel Hempstead	Labour Co-operative	Signed
Desmond Turner	24/04/2001	Brighton, Kemptown	Labour	Signed
George Stevenson	24/04/2001	Stoke-on-Trent South	Labour	Signed
Valerie Davey	24/04/2001	Bristol West	Labour	Signed
Eric Clarke	24/04/2001	Midlothian	Labour	Signed
Michael Clapham	24/04/2001	Barnsley West & Penistone	Labour	Signed
David Chidgey	24/04/2001	Eastleigh	Liberal Democrat	Signed
Colin Breed	24/04/2001	South East Cornwall	Liberal Democrat	Signed
David Marshall	24/04/2001	Glasgow, Shettleston	Labour	Signed
David Kidney	24/04/2001	Stafford	Labour	Signed
Piara S Khabra	24/04/2001	Ealing, Southall	Labour	Signed
Joan Humble	24/04/2001	Blackpool North & Fleetwood	Labour	Signed
Derek Wyatt	25/04/2001	Sittingbourne & Sheppey	Labour	Signed
Harold Best	25/04/2001	Leeds North West	Labour	Signed
Ian Davidson	25/04/2001	Glasgow, Pollok	Labour Co-operative	Signed
Peter Brand	25/04/2001	Isle of Wight	Liberal Democrat	Signed
Edward O'Hara	25/04/2001	Knowsley South	Labour	Signed
Helen Jones	25/04/2001	Warrington North	Labour	Signed
John Robertson	25/04/2001	Glasgow, Anniesland	Labour	Signed
Bill Tynan	26/04/2001	Hamilton South	Labour	Signed
David Borrow	26/04/2001	South Ribble	Labour	Signed
Andrew Dismore	26/04/2001	Hendon	Labour	Signed
Lindsay Hoyle	26/04/2001	Chorley	Labour	Signed
Nick Harvey	26/04/2001	North Devon	Liberal Democrat	Signed
Angela Smith	26/04/2001	Basildon	Labour Co-operative	Signed
Malcolm Savidge	26/04/2001	Aberdeen North	Labour	Signed
Gordon Marsden	27/04/2001	Blackpool South	Labour	Signed
Lawrence Cunliffe	27/04/2001	Leigh	Labour	Signed
Tony Banks	30/04/2001	West Ham	Labour	Signed
Tony Colman	30/04/2001	Putney	Labour	Signed
Vincent Cable	30/04/2001	Twickenham	Liberal Democrat	Signed
Michael Foster	02/05/2001	Worcester	Labour	Signed
Jon Owen Jones	03/05/2001	Cardiff Central	Labour Co-operative	Signed
Doug Naysmith	03/05/2001	Bristol North West	Labour Co-operative	Signed
Kevin McNamara	09/05/2001	Kingston upon Hull North	Labour	Signed

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