Glenis Willmott, MEP for the East Midlands and leader of the Labour Party in Europe has welcomed the announcement of the European Commission’s proposed draft law for a financial transaction tax. This represents the crucial first step in the journey towards a Robin Hood Tax.
Mrs Willmott said:
“The Tory led government should take the proposals for a financial transaction tex seriously, and not just dismiss them to please their friends in the city”
“The proposals cannot go through without the consent of Britain and we must therefore engage fully in the process to ensure that the financial sector helps to contribute to its part in the economic crash”
“Millions of people have made it clear that they would like to see a Robin Hood Tax that uses a very small levy on financial markets to support good causes both at home and abroad, the British people have spoken and the British people must be heard”
“Families up and down the country are feeling the squeeze from the fallout of the economic crisis that gripped the world and will feel let down if Cameron tries to hide behind ‘EU tax’ rhetoric to avoid a public debate about whether the financial sector pays its fair share in these difficult times.”