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Merton Council shares in cigarette company profits (From Wimbledon Guardian)
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Original Comment
What might be legal can very well also be morally unacceptable. In recent times it has come to light that the people running this country are not only incompetent, they also cannot be trusted with taxpayers money and are complete hypocrites.
Councils, on the pretence of saving lives, wage a relentless, bitter and twisted war against motorists, constantly nagging about emissions and speed, which we all know is really just another way to extort cash out of decent hardworking people. You then discover that a council is investing cash in a product that is directly responsible for causing premature death and much misery to many, many, thousands of people every year.
It would not be possible to write here, the opinion I have of those responsible for such actions.
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Merton Council shares in cigarette company profits
7:30am Thursday 16th July 2009
A council decision to invest millions in cigarette companies while running anti-smoking campaigns has been branded “hypocritical”.
Despite claims to be working to cut smoking in the borough, a leaked list of the council’s investments shows it holds more than £3.5m of shares in cigarette makers Imperial Tobacco and British American Tobacco.
The council has pledged to reduce smoking in the borough through the Healthier Communities Strategy, a partnership with Sutton and Merton Primary Care Trust.
The partnership’s priorities include running campaigns and offering support to help smokers quit, as well as reducing the habit among young people.
But, on March 31 this year, the council had £2,407,311 invested in British American Tobacco, makers of Lucky Strike and Benson and Hedges cigarettes. And some £1,171,936 was invested in Imperial Tobacco, makers of Lambert and Butler.
A spokesman for campaigning charity Action and Smoking on Health called for the council to “think very carefully” about ditching the shares, calling the investments “hypocritical”.
She said: “There are a number of other investments that would give similar returns. Longer term, people’s health should be a priority.”
Labour councillor Andrew Judge said: “It’s inappropriate for the council to be investing in products that are bad for people’s health.”
Council leader David Williams said the council did ensure its investments were socially responsible as well as offering residents the best value for money.
He added: "The council keenly supports action to educate people in respect of the health risk of tobacco, but it is a legally available product which substantial numbers of people still use, hence making it a relevant investment to consider for the council's fund.”
Councillor Williams said future changes in smoking laws “could influence investment decision making”.
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