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GMB slam chancellor's opposition to robin hood tax at EU finance minister meeting

9 November 2011

At yesterday's EU Finance Ministers, Chancellor George Osborne called for his European counterparts to reject outright the plans for an FTT

GMB has been told that George Osborne has bluntly dismissed the long-awaited proposal for a European Robin Hood Tax/Financial Transaction Tax (FTT) at yesterday's EU Finance Ministers, Chancellor George Osborne. He called for his European counterparts to reject outright the plans for an FTT.

Kathleen walker-Shaw, GMB European Officer said, “At these Council meetings national Ministers are supposed to represent and speak on behalf of the interests of their country. GMB members will be shocked to learn of the Chancellors blunt dismissal of a Robin Hood and will consider that he is ignoring the widespread support for the tax in favour of the finance sector.

The Chancellor's obsession with saving the skins of his banker friends at the expense of the British public knows no end. He has conveniently forgotten that he is at these EU meetings to represent the interests of everyone in the UK, not the interests of the City.

George Osborne is happy to clobber hard working people in the public and private sector who had no part in the causing the crisis. It's time Osborne and the Government drop their 'business as usual' attitude to the financial sector and change the British, European and global financial sector and economy for the better.”



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