PROMOTION OF TAX HAVENS BY BANKS IN AFRICA

That this House commends ActionAid for its work in highlighting the activities of Barclays Bank in Africa; condemns the Bank's promotion of the use of tax havens by large businesses working in Africa; notes that banks' tax haven businesses undermine efforts by African governments to raise the money they need to pay for vital services such as health and education, thereby ending their dependency on aid; further notes that promoting tax havens goes against commitments made by the CEO of Barclays, Antony Jenkins, to ensure that Barclays acts as a force for good in Africa; and calls on Barclays Bank to change its policy of promotion and use of tax havens.