Tuesday, March 1, 2016
For immediate release
In response to Barclays' annual results David Hillman, spokesperson for the Robin Hood Tax Campaign said:
"Barclays' profits may be down, it may be selling off its African operations and setting aside multi-millions for PPI mis-selling and foreign exchange rigging, but the bank is still clearly awash with cash.
"It speaks volumes that the bonus pot once again runs into the billions and even includes a hefty sum for ousted CEO Anthony Jenkins.
“The City continues to play by different rules to the rest of the economy. It's time the Chancellor took notice and put an end to this special treatment for the banks."
ENDS
For more information contact:
Asha Tharoor: 07813 688680 [email protected].
Liz Chinchen: 07778 158 175 [email protected]
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.
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