Another Liberal Democrat principle discarded: Nick Clegg abandons Robin Hood
This week Nick Clegg fell into line yet again behind a right-wing economic policy, endorsing George Osborne’s rejection of a Robin Hood Tax. The Liberal Democrat manifesto in 2010, which put “fair taxes” at the top of four policies on the front page pledged to
work with other countries to establish new sources of development ﬁnancing, including bringing forward urgent proposals for a ﬁnancial transaction tax
Nick Clegg himself had gone on record in February, just two months earlier, saying of the Robin Hood Tax (six minutes in):
It’s a great idea in theory….We should push for it internationally. I’m glad to see it now finally being considered by IMF and other international bodies. But aiming for the best which would be a Tobin tax across the world shouldn’t prevent us doing something now here at home.
Now, instead, he is telling the EU to forget a Robin Hood Tax, echoing everything George Osborne has said. We would welcome him back in Sherwood Forest whenever he decides to abandon his new rich friends in the City and return to backing the poor.