Placing a levy on those in the financial industry is a good idea to quicken the economic recovery in Britain.
This is the suggestion of Trades Union Congress general secretary Brendan Barber, who stated that this particular sector should play its part, considering it was influential in creating the downturn.
His comments follow the release of figures revealing that UK borrowers took out £4.3 billion in January, a month that is traditionally considered to be one in which the government boosts the coffers through tax revenue.
Mr Barber noted that the statistics show how seriously the recession has affected public finances.
While this is an unfortunate situation, he added, it is important that whoever is in power does not try to close the deficit too quickly, as this may cause job losses and lead to a double-dip recession.
Supporters of the Robin Hood tax say that it could raise hundreds of billions of pounds every year by placing a 0.05% charge on speculative bank transactions.
