For immediate release:
In response to Mark Carney's comments on a financial transactions tax at today's Treasury Select Committee, David Hillman, spokesperson for the Robin Hood Tax Campaign said:
“It is reassuring to see Bank of England Governor Mark Carney dismiss scaremongering over the implications of a financial transactions tax on the City.
“By saying a transactions tax poses no major risk to financial stability surely suggests that a modest tax is not only possible, but also that it has the potential to contribute positively to our economy.
“As we face another Budget peppered with spending cuts, hitting essential services like the NHS, surely it’s time the Chancellor took an FTT more seriously.”
ENDS
For more information contact:
Asha Tharoor 07813 688680 [email protected].
Liz Chinchen: 07778 158 175 [email protected]
Notes to editors:
To hear Mark Carney's comments at the Treasury Select Committee: https://youtu.be/
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