Over 100 Labour MPs and peers have signed a letter urging banks, fund managers, and pension funds to stop avoiding defense investments due to ethical concerns. Led by MP Alex Baker, the letter calls for removing anti-defense investment restrictions, arguing they hinder support for national security. Currently, 99% of investors in the National Employment Savings Trust hold indices that include defense stocks such as Lockheed Martin, BAE Systems, and Rolls-Royce. The pressure follows Britain’s decision to increase defense spending and provide more support to Ukraine, amid the U.S. scaling back aid under President Trump. The move highlights growing political efforts to strengthen the UK defense industry and ensure financial backing for military suppliers.
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