Latest: Treasury
This year began with a flying start for the Robin Hood Tax as in January the European Union gave the green light to 11 countries to implement a Financial Transaction Tax (FTT). This was a huge step forward, a tax estimated to raise €37billion a year is in sight and could be implemented as early as January 2014. The money would provide vital funds that could pay for healthcare and education at home, help people in the poorest...
Today was Barclays Annual General Meeting, and a merry band of Robin Hood Tax supporters were there to mark the occasion with a good old tug-of-war.
The decisions made inside these meetings - like the size of CEO Bob Diamond's obscene pay package - don’t just affect shareholders. As taxpayers, we’re all getting a raw deal. Not least because one the reasons these huge payments are possible is due to an implict subsidy from the...
Former chief executive of Royal Bank of Scotland Fred Goodwin has been stripped of his knighthood.
The Queen made the decision to remove the knighthood on the advice of the forfeiture committee, which advised that Mr. Goodwin had brought the honours system in to disrepute. The knighthood was awarded by the previous Labour government in 2004.
The former...
In today’s Autumn Statement, Osborne has reiterated that the government will not support a European Financial Transaction Tax.
The Chancellor also confirmed that he will increase the bank levy rate to 0.088% to ensure that it still reaches the target of £2.5bn agreed at the beginning of the year.
David Hillman, spokesperson for the Robin Hood Tax campaign, said:
"This is an Autumn Statement for bankers. The Chancellor is...
