CHRISTMAS CITY BONUSES

Early day motion 540, tabled 19 December 2006 by John McDonnell (Labour). Signed by 36 members.

That this House notes that city bonuses this Christmas are estimated to be £9 billion, with over 4,000 city workers receiving over £1 million each; further notes that the work of the Tax Justice Network that shows the UK tax gap is between £90 to £154 billion due to tax avoidance by wealthy individuals and companies; is disappointed that wealth inequality has continued to widen in the last decade; and therefore urges the Government to impose a windfall tax on city Christmas bonuses.

Signatures by party: Labour 27, Liberal Democrat 5, Plaid Cymru 1, Respect 1, Scottish National Party 1, Social Democratic and Labour Party 1.