CO-OP BANK BOYCOTT

Early day motion 1633, tabled 22 May 2008 by David Drew (Labour). Signed by 55 members.

That this House congratulates the Co-operative Bank on its decision to forgo £10 million of loan applications from three businesses controlled by sovereign wealth funds whose sponsoring regimes it deemed unethical; and hopes that such a move will stimulate other financial institutions to consider their attitude towards such funds, to strike a real blow for human rights, transparency and freedom of operation.

Signatures by party: Labour 46, Liberal Democrat 4, Independent 2, Plaid Cymru 2, Social Democratic and Labour Party 1.