News 

Possible emergency tax on bankers' bonuses


Today's newspapers are reporting that the Alistair Darling is considering an emergency tax on bankers' bonuses. This is great news for all Compass activists that have campaigned for months for tougher action on bankers.

The next 48 hours before the Pre-Budget report are vital. To beat the city spin machine we need to send a loud message to the Chancellor. We'd like you to send him an email and invite your friends to do the same.

http://action.compassonline.org.uk/48hours

Reports suggest Ministers are worried about the "technical difficulties" of introducing such a tax and they are also facing a backlash from the city.

The case for a windfall tax isn't simply one of justice: there are economic benefits too. The proceeds of a windfall tax could fund a Green New Deal.

We have just 48 hours and we can only do it with your help - click here, send an email to the Chancellor and then invite your friends to join in too.

Let's be clear, the latest profits reported by banks are in the most part unearned; they have largely been accumulated not from hard work and responsibility, but made off the back of tax-payer and government bailouts.

We cannot allow the bullying from the city to continue, in the next 48 hours we need your help to defeat the city spin and make sure the Chancellor delivers.

http://action.compassonline.org.uk/48hours

Best wishes,

Joe Cox
Campaigns Organiser
Compass


Compass, 08/12/2009