Robin Hood tax protests hit banks

Britain's high street banks faced an army of outlaws yesterday, as activists took to the streets calling for the introduction of a so-called "Robin Hood Tax".

As part of a week of action for the campaign, which is backed by 250,000 supporters, people affected by the government cuts dressed as Robin Hood and protested outside branches of HSBC, Barclays and Royal Bank of Scotland in London.

Other protests were held around the country, including in George Osborne's constituency. Max Lawson, the campaign spokesman, said: "The banks owe us big time. We paid over a trillion pounds to bail them out and we continue to underwrite their profits and pay. That's one enormous IOU from banks to society and so today we asked for some of it back."

Current proposals include a financial transaction tax, a bank levy and taxing excess profits and remuneration.