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Clash over council’s new ethical investment policy

A new ethical investment policy for Crawley Borough Council was criticised as a possible slap in the face to the UK defence industry.

The authority’s Cabinet agreed not to directly investment in organisations whose core activities include armaments and weapon systems, gambling, pornography, tobacco, and pay-day loans, last Wednesday.

But Duncan Crow (Con, Furnace Green), leader of the Conservative group at the council, said it would effectively be a ‘boycott’ of the UK defence industry, and could be perceived as a ‘slap in the face’ to both the sector and the country’s armed forces.

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