End debt colonialism
Sir Keir Starmer:
Debt contracts governed by UK law are crippling countries across the world, while making super-rich hedge funds even richer. We call on you to prioritise and pass legislation ensuring that private companies cannot burden lower income countries with unsustainable debt.
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It’s not just Sri Lanka: private companies are profiting off poverty and saddling the poorest countries in the world with colossal, unpayable debts - all so that finance execs in rich countries can sip champagne with the cash.
But the new UK government could change all of that. UK law governs 90% of debt contracts for low income countries - and a proposed law would stop these vultures from preying on poverty worldwide.
As MPs take their seats and weigh up their priorities, a huge petition will force this onto their radar. Together we can make sure the new government ends this debt colonialism - add your name now!
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