Economic security

Drugs, arms, tobacco: British councils’ opaque, unsavory investments exposed

Concern is mounting over UK local authority investment practices, as scrutiny of council pension fund investments uncovers links to the arms trade, tobacco companies, and the global pharmaceutical industry.From Glasgow to Hackney, UK local authorities are investing taxpayers’ hard earned cash in unethical sectors of the economy, in a bid to secure stable returns. This trend shows no sign of abating, with Camden Council being the most recent local authority to come under fire.