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For immediate release:
Astbury Marsden today (Monday 22 December) released a survey showing financial sector employees are expecting bonus increases of, on average, 21% for this year.
In response David Hillman, spokesperson for the Robin Hood Tax campaign, said:
"It is beyond belief that City bonuses are set for such a huge increase - this is completely out of sync with the wider economy.
"Yet we probably shouldn't be surprised. Expectations of outlandish bonuses have become something of a Christmas tradition in the Square Mile - regardless of what sort of scandal-ridden year the sector has had.
"If the financial services industry can afford to splash out on such lavish bonuses they can afford to pay more for the damage they inflicted on our economy."
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:
Astbury Marsden survey results can be found here: http://uk.reuters.com/article/2014/12/22/uk-britain-bonuses-banks-idUKKBN0K000A20141222
The Robin Hood Tax campaign is a coalition of 115 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.