Campaigners celebrate UK action on vulture funds
Crucial bill makes it through the pre-election wash-up
In a dramatic last-minute decision before parliament was dissolved for the general election, the UK has become the first country to restrict ‘vulture funds’, companies that buy up the debts of poor countries and then sue for massive profits. The Debt Relief (Developing Countries) Bill was passed on 8 April and hailed as a ‘landmark law’ by the Jubilee Debt Campaign (JDC).
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