Responding to RBS annual results, David Hillman spokesperson for the Robin Hood Tax Campaign said:
"RBS has racked up astronomical losses of over £58bn since UK taxpayers bailed it out. Ordinary people struggling to get by will feel angry that the bank has come up with the cash to pay CEO Ross McEwan a whopping £3.5m.
"For a bank 72% owned by the public this is an insult. There is no other part of the economy where such abject failings are so richly rewarded. The government needs to get a grip on a sector that operates in a parallel universe to everyone else.”
For more information contact:
Asha Tharoor on [email protected] or 07813 688680
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.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.