British MPs warn banks against funding massive settlement in West Bank

British MPs from various parties have warned banks and financial institutions in their country against investing or providing financing for the E1 settlement project planned in the occupied West Bank, as the occupation government seeks bids to build about 3,400 settlement units in the area.

British MPs from various parties have warned banks and financial institutions in the UK against investing or providing financing for the E1 settlement project planned in the occupied West Bank. This warning comes as the occupation government seeks bids to build about 3,400 settlement units in the area, including more than 1,300 homes with bids due by October 25. According to the British newspaper The Guardian, the group of British MPs concerned with Palestine sent a letter to banks, calling on them to review their commitments related to the project, warning of legal, financial, and reputational risks. The warning comes before the British government's plans to ban trade with Israeli settlements take effect, as British Foreign Secretary Ed Miliband announced earlier this month plans to impose a complete ban on trade with the settlements. British MP Debbie Abrahams confirmed that the MPs are not asking institutions to preempt the law, but rather raising questions about the risks they are preparing to take. The parliamentary group intends to publish the financial institutions' responses to their letter by October 10.