Robin Hood Tax campaigners respond to the EU Parliament's ratification of the new legislation on bonuses

Responding to the European Parliament’s ratification of the new legislation on bankers’ bonuses, Max Lawson, a spokesperson for the Robin Hood Tax campaign, said:

 “We applaud today’s decision by the EU parliament to ratify the new rules on bonuses for bankers. This clearly shows that Europe is serious about making its financial sector more responsible, which will help prevent future financial crises.
 
“However, we urge EU political institutions to go a step further by making the European financial sector pay for the cost of the global recession it helped cause.

 “It is deeply unfair that ordinary citizens across the Continent are being asked to pay for the economic mess in which we are in, while banks and hedge funds are allowed to move on.

 “EU political institutions should press for a Robin Hood Tax on the financial sector, which could raise several tens of billions of euros a year and help prevent cuts in public spending, tackle poverty and climate change, in the UK, Europe and beyond.”

Ends

Notes to editors:
- 110 organisations currently support the Robin Hood Tax campaign in the UK. These include Oxfam, TUC, Action Aid, Stamp Out Poverty, Greenpeace and Friends of The Earth.
- You can follow the Robin Hood Tax campaign on our website www.robinhoodtax.org.ukor on Twitter @robinhood

Media enquiries: Christian Zarro, Robin Hood Tax campaign 07917 164266