In response to Bob Diamond's resignation
For immediate release:
In response to Bob Diamond's resignation, David Hillman, spokesperson for the Robin Hood Tax campaign, said:
“Bob Diamond deserves to lose his job, but just as blowing your nose does not cure the cold it will not remedy the underlying sickness in our banking culture.
“The removal of Stephen Hester's bonus, Fred Goodwin's knighthood and now Bob Diamond as CEO are little more than distractions from what is really important - ensuring banks pay back their debt to society rather than finding new ways to rip us off."
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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.