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Saturday, 13 March 2010

Jubilee Debt Campaign: Vulture Culture Bill - Update

On Friday, 26th February I blogged on the Vulture funds which profiteer by buying up the debts of heavily indebted poor countries cheaply then seek to recover the full amounts, thus depriving the very poorest people in the world of the basic necessities of life while they wallow in the riches of their ill-gotten gains.

After slowing the Debt Relief (Developing Countries) Bill in its Second Reading it failed to pass its Third reading in Parliament when a single Conservative MP objected:

Coming from a party in which it has been estimated that two-thirds of the shadow cabinet are millionaires this block looks more than insensitive. No understanding of poverty perhaps?

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