Tag Archives: vulture funds

Government takes action over ‘vulture funds’

When Labour were in power, Liberal Democrats regularly attacked the government for its inaction over so-called vulture funds (that is, in this context, financial funds who buy up debt from poor countries and try to make a profit out of it). For example, then International Development spokesperson Lynne Featherstone said,

Gordon Brown has said this is immoral but so far it’s been all talk and no action.

The Government needs to take a stand and use its influence in the IMF to help devise an internationally binding system to ensure companies can’t prey on heavily indebted developing countries in this way.

The

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The coalition agreement: international development

Welcome to the twelfth in a series of posts going through the full coalition agreement section by section. You can read the full coalition document here.

International development has been one of the totemic policy areas which David Cameron chose to show how he was changing the party. As a result, just as a promise to increase spending on the NHS was used to argue that the party was changing in its attitude to public services, so too a commitment to increase spending on international aid was used to argue that the party was leaving behind its ‘nasty party’ roots.

Whatever …

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  • User AvatarNonconformistradical 14th Jul - 4:01pm
    @Glenn If we could reply on people not behaving like this https://www.theguardian.com/world/2020/jul/14/video-of-drunken-brits-maskless-in-magaluf-appals-spaniards you might (only might) be able to make a better case.
  • User AvatarJohn Marriott 14th Jul - 3:54pm
    @Glenn So, give us the figures. How many countries did NOT perform any form of lockdown? Even your mates in Sweden didn’t indulge in a...
  • User AvatarGlenn 14th Jul - 2:58pm
    So no difference between places that did lockdown and those that didn't, but we're still going to pretend that we're saving the country by destroying...
  • User AvatarBarry Lofty 14th Jul - 2:47pm
    As someone who escaped my secondary modern school in nineteen hundred and frozen to death as did my wife, we vowed to try and give...
  • User AvatarJohn Marriott 14th Jul - 2:24pm
    This is NOT a competition! Comparing countries surely only works if statistics are compiled in exactly the same way in EVERY country. I would add...
  • User AvatarPeter Martin 14th Jul - 1:59pm
    @ JoeB "At full employment, current spending (including depreciation) should be financed by tax receipts and investment spending financed by long-term bond issues." There's a...