Bank Bonuses Debate

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Department: HM Treasury

Bank Bonuses

Julian Huppert Excerpts
Tuesday 11th January 2011

(13 years, 4 months ago)

Commons Chamber
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Julian Huppert Portrait Dr Julian Huppert (Cambridge) (LD)
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What progress has the Chancellor made in discussions about implementing a Tobin or Robin Hood tax either with other countries or alone?

George Osborne Portrait Mr Osborne
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The financial transaction tax is something that the international community is looking at and it is on the agenda for the G20 discussions. Almost everyone who looks at the idea accepts that it would have to be done internationally or else business would probably disappear overnight. It is on the international agenda and we are engaging in that discussion.