Your local authority should be able to make decisions on where it invests its money and on what it buys. That means saying no to investing pension funds in the arms trade or from firms complicit in Israel’s violations of Palestinian rights.
But right now the government is proposing to take that democratic choice away from local authorities.
Please email your MP today and ask them to support local democracy.
The government has proposed changes to the way local authorities in England and Wales invest their members’ pension funds. Under the plans, central government would have the power to veto investment decisions made by democratically elected local authorities in order to promote human rights and social justice.
In recent years, councils across the UK have adopted fair trade principles or excluded companies complicit in human rights abuse from their investment portfolios, in response to local concerns. Some of these campaigns have focused on UK companies complicit in grave violations of Palestinian rights, as a part of the Boycott, Divestment and Sanctions (BDS) movement.
Over 26,000 people responded to a government consultation on the proposal which ended on 19 February, rejecting plans to block local councils from deciding how to invest their members’ pension funds. Now it is time for our elected officials to step up in defence of local democracy.