On 6 June, the UK court of appeal ruled that the investment policies of local authority pension funds must not be ‘contrary to UK foreign policy or UK defence policy’.
This overturned a landmark high court ruling last year which said that the government had been wrong to issue ‘guidance’ on local authority pension strategies which contained those words. (PN 2608 – 2609)
The guidance also told local authorities they should not ‘pursue boycotts, divestment and sanctions against foreign nations and UK defence industries’ unless that was already national policy.
The Palestine Solidarity Campaign is raising £100,000 to continue the legal fight.
Topics: Arms trade