In response to reports Osborne will increase Bank Levy rate in Autumn statement
For immediate release:
In response to reports that George Osborne will increase the bank levy rate to ensure it still reaches agreed target of £2.5bn, David Hillman, spokesperson for the Robin Hood Tax campaign, said:
“If George Osborne is serious about making banks pay their fair share for this economic mayhem, he must do more than tweak the bank levy.
“The stratospheric pay packets handed out in the City prove banks can afford to pay billions more to protect public services and tackle poverty.”
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 and the TUC: www.robinhoodtax.org.uk
The campaign has 250,000 supporters and we are endorsed by over 1,000 economists and politicians from all main political parties.
We are calling for new financial sector taxes to help tackle poverty and climate change, at home and abroad.