Some really good news and some bad news that is shameful for the British government:
The good news: Robin Hood Tax is being implemented!
This week, the European Union agreed that 11 European countries – including the biggest economies Germany and France – can set up a financial transaction tax to make the banks pay for the financial crisis they created. 23 of the 27 EU states voted for this tax – a huge 87% majority.
The bad news: The UK was the only big economy to abstain – leaving Prime Minister David Cameron more isolated than ever.
To remind you of what this is all about have a look at Bill Nighy explaining it in this memorable clip. Can someone keep playing it to Mr Cameron and his mates please?