In response to RBS quarterly results

Friday, October 28, 2016

For immediate release:

In response to RBS' quarterly results David Hillman, spokesperson for the Robin Hood Tax Campaign said:

“RBS may have dived deeper into the red but boss Ross McKewan is still taking home a hefty £3.8m pay packet. Customers of the 73% publicly owned bank would surely be forgiven for wondering how this is fair or justified.

"Eight years on from the bailout, banks are still poster boys for the stark inequalities that divide Britain - there is no other sector where such poor performance is so richly remunerated. The Government should call time on rewarding failure and ensure the City operates by the same rules as the rest of us."

ENDS

For more information please contact Asha Tharoor on media@robinhood.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.