Councils forced to invest public money in arms under proposed legislation

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The UK government is trying to block local authorities from making ethical investment decisions relating to the arms trade.

Currently local authorities can choose to invest their pension funds ethically, and make ethical decisions about what they buy. But the government is trying to take that power away from them.

This is an astonishing attack on local democracy. It’s also an explicit attack on arms trade campaigning.

The Conservative Party press release which announced the changes said it was to prevent campaigns “against UK defence companies” and the consultation document says that councils “should not pursue policies which run contrary to UK foreign policy.”

But the legislation could have even wider implications, for example, by blocking ethical investment decisions related to other human rights issues or climate change.

Read more at www.stopwar.org.uk

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Published in: on January 31, 2016 at 09:34  Leave a Comment  
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