Vince Cable told: ‘End Britain’s Dodgy Deals’ - Jubilee Debt Campaign
TAKE ACTION: End Britain's Dodgy Deals
Welcome to the Export Credits Guarantee Department (ECGD), a little known British Government department which uses taxpayers’ money to back exports to the developing world.
All too often, it underwrites dodgy deals which lead to human rights abuses, corruption, climate change and conflict.
What’s more, when these deals go wrong, they become Third World Debts. Over 90% of developing country debt to the UK is now Export Credit debt.
Since the financial crisis, rather than tightening up ECGD rules to promote responsible finance, the UK has relaxed them even further – including by making a ban on forced or child labour in ECGD projects ‘optional’ in some cases.
Take action!
Please write to the new Secretary of State for Business, Vince Cable, and ask him to put an end to Britain’s dodgy deals.
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