Responding to the Government's announcement of a Parliamentary inquiry into the LIBOR scandal

For immediate release:

Responding to the Government's announcement of a Parliamentary inquiry into the LIBOR scandal, David Hillman, spokesperson for the Robin Hood Tax campaign, said: 

"When banks have for years been plumping up their profits at the expense of the rest of us, an inquiry alone is not enough.

"There is also a responsibility for banks to pay back billions for the damage they have already caused our economy and society.

"Europe's other leading economies are reining in their financial sectors’ excesses by implementing a transaction tax, yet the UK continues to block such a move. It begs the question of where our government's priorities lie."

Contacts:

Simon Chouffot: 07725 879 580 simon@robinhoodtax.org.uk

Notes to editors:

The Robin Hood Tax campaign is a coalition of 115 UK organisations including Barnardo’s, Comic Relief, Oxfam, Friends of the Earth, Stamp Out Poverty and the TUC:www.robinhoodtax.org.uk

The campaign has more than 250,000 supporters and is endorsed by over 1,000 economists and politicians from all main political parties.

The campaign is calling for new financial sector taxes to help tackle poverty and climate change, at home and abroad.