In response to the European Parliament voting in favour of the Financial Transaction Tax by 522 to 141

Tuesday, July 2, 2013

For immediate release:

Today (Wednesday 3 July 2013) the European Parliament voted in favour of the Financial Transaction Tax: 522 for, 141 against with 42 abstentions.

In response, David Hillman, spokesperson for the Robin Hood Tax campaign, said:

"It's great news MEPs have faced down the special pleading of bank lobbyists with this resounding show of support for a broad based Financial Transaction Tax. 

"It's a shame the same cannot be said for George Osborne - his determination to safeguard his City chums has blinded him to the benefits that billions in additional revenue could have for our economy and public services." 

For more information contact:

Simon Chouffot: 07725 879 580 simon@robinhoodtax.org.uk

Jon Slater: 07876 476 403 jslater@oxfam.org.uk

Notes to editors:

For more information, the European Parliament Press Release can be found here: http://www.europarl.europa.eu/news/en/pressroom/content/20130628IPR14589/html/Financial-Transaction-Tax-wide-scope-and-attention-to-pension-funds-and-SMEs

The Robin Hood Tax campaign is a coalition of 117 UK organisations including Barnardo’s, Comic Relief, Oxfam, Friends of the Earth, Stamp Out Poverty and the TUC: www.robinhoodtax.org.uk

The campaign has more than 250,000 supporters and is endorsed by over 1,000 economists and politicians from all main political parties.

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