HILARY TAKES ACTION TO STOP VULTURE FUNDS USING UK COURTS TO PURSUE POOR NATIONS  

Hilary Armstrong MP is co-sponsoring the the debt Relief (developing Countries) bill,  otherwise known as the ‘vulture funds bill', a Private Member’s Bill introduced by Andrew Gwynne MP Nearly 200 MPs, as well as many anti-poverty groups, churches and celebrities, are backing the bill which is set to restrict the activities of ‘vulture funds.' ‘Vulture funds' buy the debts of the world's poorest countries at a cheap rate, wait until the government has received debt relief from foreign creditors, and then sue for their share in courts around the world for massive profit. These actions allow a small number of investors to take money which poor countries urgently need to spend on health and education for their citizens. The bill will protect the poorest 40 countries in the world who qualify for international debt relief through the Highly Indebted Poor...