In response to the Office for National Statistics' new figures on bonuses paid in the financial sector and the wider economy, David Hillman, spokesperson for the Robin Hood Tax campaign, said:
"Once again these figures show that financial sector bonuses are way out of kilter with the rest of the economy. There is a long way to go before the excess of the City is curbed and this huge gulf in rewards between bankers and the public sector is addressed.
"Now more than ever it's time the Government took notice of these stark inequalities and made financial firms pay more tax."
ENDS
For more information contact:
Asha Tharoor 07813 688680 [email protected]
Notes to editors:
1. Reaction is to the ONS figures on bonuses - Average weekly earnings, bonus payments in Great Britain: financial year ending 2016 (15.09.16)
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.