LETTER: Who pays for the arms trade?

Share
Related Topics
IT IS shocking that almost the whole gamut of UK churches are, perhaps unwittingly, investing in the arms trade ("Churches reap riches from arms", 21 May).

However, it should be noted that our research, on which your report is based, also reveals that the health service invests liberally in this lethal trade. We identified over 120 hospitals, health authorities, NHS trusts etc, putting money into one or more of the seven big arms trading companies that we investigated.

But it is local authorities who have by far the biggest stake in this trade. We found that 150 million shares (about pounds 500m-worth) are held in their superannuation funds. They protest that they have no option - their investments are, they say, dictated by financial imperatives. In that case it is difficult to understand why Notting- hamshire, for instance, has to hold 5.8 million shares while Cheshire and 16 other authorities do not find it necessary to hold any.

Ray Hemmings

Co-ordinator, Campaign Against Arms Trade Clean Investment Campaign

Leicester

React Now

Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
More From
RAY HEMMINGS
iJobs Job Widget
iJobs General

Recruitment Genius: Software Implementation Consultant

£45000 - £50000 per annum: Recruitment Genius: This software company specialis...

Recruitment Genius: Service Desk Co-ordinator / Client Services Administrator

£22000 - £23000 per annum: Recruitment Genius: The successful applicant will s...

Recruitment Genius: Sales & Warehouse Assistant

£14807 - £15470 per annum: Recruitment Genius: This manufacturer and supplier ...

Ampersand Consulting LLP: Security Consultant (CREST/CHECK/OSCP)

£45000 - £65000 per annum + Benefits: Ampersand Consulting LLP: Security Consu...

Day In a Page

Read Next
 

The era of graduates from the university conveyor belt is over

Hamish McRae
The UCAS clearing house call centre in Cheltenham, England  

Ucas should share its data on students from poor backgrounds so we can get a clearer picture of social mobility

Conor Ryan
Giants Club: After wholesale butchery of Idi Amin's regime, Uganda’s giants flourish once again

Uganda's giants are flourishing once again

After the wholesale butchery of Idi Amin's regime, elephant populations are finally recovering
The London: After 350 years, the riddle of Britain's exploding fleet is finally solved

After 350 years, the riddle of Britain's exploding fleet is finally solved

Archaeologists will recover a crucial item from the wreck of the London which could help shed more light on what happened in the vessel's final seconds
Airbus has patented a jet that could fly from London to New York in one hour

Airbus has patented a jet that could fly from London to New York in one hour

The invention involves turbojets and ramjets - a type of jet engine - and a rocket motor
10 best sun creams for kids

10 best sun creams for kids

Protect delicate and sensitive skin with products specially formulated for little ones
Tate Sensorium: New exhibition at Tate Britain invites art lovers to taste, smell and hear art

Tate Sensorium

New exhibition at Tate Britain invites art lovers to taste, smell and hear art
Ashes 2015: Nice guy Steven Finn is making up for lost time – and quickly

Nice guy Finn is making up for lost time – and quickly

He was man-of-the-match in the third Test following his recall to the England side
Ashes 2015: Remember Ashton Agar? The No 11 that nearly toppled England

Remember Ashton Agar?

The No 11 that nearly toppled England
Turkey-Kurdish conflict: Obama's deal with Ankara is a betrayal of Syrian Kurds and may not even weaken Isis

US betrayal of old ally brings limited reward

Since the accord, the Turks have only waged war on Kurds while no US bomber has used Incirlik airbase, says Patrick Cockburn
VIPs gather for opening of second Suez Canal - but doubts linger over security

'A gift from Egypt to the rest of the world'

VIPs gather for opening of second Suez Canal - but is it really needed?
Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Fashion editor, Alexander Fury, applauds a man who clearly has more important things on his mind
The male menopause and intimations of mortality

Aches, pains and an inkling of mortality

So the male menopause is real, they say, but what would the Victorians, 'old' at 30, think of that, asks DJ Taylor
Man Booker Prize 2015: Anna Smaill - How can I possibly be on the list with these writers I have idolised?

'How can I possibly be on the list with these writers I have idolised?'

Man Booker Prize nominee Anna Smaill on the rise of Kiwi lit
Bettany Hughes interview: The historian on how Socrates would have solved Greece's problems

Bettany Hughes interview

The historian on how Socrates would have solved Greece's problems
Art of the state: Pyongyang propaganda posters to be exhibited in China

Art of the state

Pyongyang propaganda posters to be exhibited in China
Mildreds and Vanilla Black have given vegetarian food a makeover in new cookbooks

Vegetarian food gets a makeover

Long-time vegetarian Holly Williams tries to recreate some of the inventive recipes in Mildreds and Vanilla Black's new cookbooks