So a quick note on why protest Barclays Banks, and just what this is all about:
- £11.6 billion: the amount of profit Barclay’s made in 2009. They paid tax on only 1% (The Guardian)
- £6.1 billion: the profit Barclay’s declared in 2010, along with a 23% rise in the average pay of its investment banking arm, Barclays Capital (The Guardian)
- £9 million: the bonus paid to Chief Exec of Barclays, Bob Diamond, this week — more than 400 nurses earn in a year. (UKuncut)
- over £100 billion: the Bank of England estimate of the subsidies and guarantees to the banking sector in 2009, which Barclays has benefited from. (The Guardian)
How can it possibly be such an uphill battle to save thousands of jobs, frontline services, and a tradition of taking care of each other, when making Barclays (and all the rest) pay their tax could pay for it all?
So we’ll see you on Wednesday, February 23rd, 6pm at Brixton Town Hall to protest as Lambeth Council votes on a budget that will cut almost every council service, anything up to 1000 council workers, and 25% of all staff.