Reacting to the vote of the European Finance Ministers in favour of the 'enhanced cooperation procedure' for a financial transaction tax in eleven European countries, Nicolas Mombrial, Oxfam's EU policy adviser, said:  "This historic vote sends a clear message Europe's biggest economies are ready to make the financial sector pay to clear up the mess it helped to cause.   It is an example the rest of Europe...

The World Bank and IMF must step up their support for developing countries who are struggling with spiking food prices along with the fallout from Europe's fiscal crisis, international agency Oxfam said ahead of the annual meeting of the institutions in Tokyo this week. World food prices are now close to their 2008-2009 peak and the economic downturn in Europe and the US is hurting poor country revenues. Worse still, food price...

Skyrocketing fuel and food prices deepen humanitarian crisis as country teeters on economic meltdown One year after South Sudan's independence on 9 July, the young country is facing its worst humanitarian crisis since the end of the war in 2005, under the weight of severe economic meltdown and ongoing conflict. Long-term and emergency efforts to help nearly half the population, who don't have enough to eat, could be derailed by...

Today EU Finance Ministers, meeting in Luxembourg, agreed to drop the idea of an EU-wide European Financial Transaction Tax (FTT). Instead, Ministers proposed to move forward in taxing the financial sector with a group of pioneer governments. Nicolas Mombrial, Oxfam's EU spokesperson, said: "We're delighted that a coalition of willing countries has finally asked the UK and other blockers to step out of the way....

International agency Oxfam today welcomed the announcement by the UN Secretary General to create a global Zero Hunger Challenge to eliminate hunger and ensure that everyone everywhere has enough to eat while living within the earth's limits. ...

The G20 leading economies have sidelined development and food security at their summit in Los Cabos, international agency Oxfam said. Leaders were absorbed with disagreements about how to fix the Eurozone, and lost sight of developing countries reeling from aid cuts, climate change, and volatile food prices. ...

G20 must not allow Euro crisis to derail development efforts - Oxfam ...

Charity warns "UK could return to inequality levels not seen since Victorian times" Government rhetoric about 'making work pay' - used to justify sweeping welfare reforms- is sounding increasingly hollow, according to a new report by Oxfam, which details how getting a job in modern Britain is no guarantee of escaping poverty. Oxfam's report, The Perfect Storm, documents how the Government's...