Home > Uncategorized > Newcastle to end tobacco investments | News | Local Government Chronicle

Newcastle to end tobacco investments | News | Local Government Chronicle

Newcastle to end tobacco investments | News | Local Government Chronicle.

Newcastle City Council has pledged to end its pension fund’s investment in tobacco firms, arguing it is incompatible with the council’s new responsibility for public health.

The council’s leader Nick Forbes (Lab) told MPs this week that investing in tobacco companies was “completely inconsistent with a policy on improving health”.

“I’m very clear it can’t continue”, he told the communities and local government select committee.

The committee’s chair, Labour MP Clive Betts, asked all of the local government representatives at the hearing whether they would withdraw investments in tobacco firms – but Newcastle was the only one that said it would do so.

Let’s hope the committee supports Newcastle City Council and makes it clear that the view of the Newcastle leader is the only one compatible with local government leading on public health.

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