IN RESPONSE TO HSBC'S ANNUAL RESULTS

Tuesday, February 21, 2017

For immediate release

 In response to HSBC's annual results David Hillman, spokesperson for the Robin Hood Tax campaign, said:

 "Despite HSBC being investigated for serious money laundering and with billions wiped off its profits, CEO Stuart Gulliver could still take home nearly £8 million in pay. Once again the  fat cats are trumping financial reform.

 “When millions of families are struggling to make ends meet, such levels of City pay look grossly unfair. The government needs to change this culture of rewarding failure."

ENDS

For more information contact:

Asha Tharoor on media@robinhoodtax.org.uk or 07813 688680

 

Notes to editors:

 

The Robin Hood Tax campaign is a coalition of 120 UK organisations including Barnardo’s, Comic Relief, Oxfam, Friends of the Earth, Stamp Out Poverty and UNISON: www.robinhoodtax.org.uk

The campaign has more than 250,000 supporters and is endorsed by over 1,000 economists

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