Robin Hood tax campaign: Govt running a welfare state for bankers

A spokesman for the Robin Hood Tax campaign, an NGO campaigning for more stringent taxation of finance, says the announcement today of continued bonuses at RBS shows the government favours bankers over the people:

"Here's yet more proof that bankers operate on a different planet to the rest of us.

"It cannot be right that our government stands on the sidelines and permits such rampant rewards whilst the rest of us pay for the sector's past mistakes with jobs losses and cuts to services.

"While it cracks down on public spending the government is running a welfare state for bankers – it is time the City repaid its debt to society."