Submitted on Thursday 24th September 2015
Published on Tuesday 29th September 2015
Current status: Closed
Closed: Tuesday 29th March 2016
Signatures: 24
Do not sell weapons to Saudi Arabia or strategic UK infrastructure to China
The UK establishment trades political economy for cash from the most repressive regimes. Oversight of the arms trade is inadequate as it seems British weapons have been used to violate international conventions in Yemen. China is guaranteed a 10% return on Hinckley C but 30yr Gilt yield a mere 2.47%
(1) Chinese & Saudi human rights records are a known traversty
(2) Evidence of Saudi abuses in Yemen identified by UN (see Newsnight 10/9/12 & NY Times 14/9/15)
(3) £2bn guaranteed return on £20bn investment by Chinese firms in development of Hinckley C was announced by George Osborne during visit to China in September 2015 (http://www.theguardian.com/commentisfree/2015/sep/23/hinkley-point-squandermania-george-osborne-china)
(4) 30yr Gilt yield quoted from Bloomberg.com on Sept 24th 2015.
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