Local Government: Israel
The question
To ask the Secretary of State for Housing, Communities and Local Government, pursuant to the Answer of 9 June 2026 to Question 8085 on Local Government: Israel, what assessment she has made of the potential impact of the guidance issued by the Secretaries of State for Foreign, Commonwealth and Development Office and Business and Trade entitled Overseas business risk for Israel, updated on 9 June 2026, on investment decisions by Local Government Pension Fund schemes and on local authority procurement.
Answered by Ministry of Housing, Communities and Local Government
The guidance referred to, issued by the Secretaries of State for Foreign, Commonwealth and Development Office and Business and Trade, is a useful resource for institutional investors considering the business risks present in Israel. LGPS pools should always be considering financial risks present with any financial asset. Decisions on boycotts, divestment and sanctions are matters of UK foreign policy and are for central government, not local authorities. Authorities must continue to act in line with the law and relevant guidance.
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