“Divestment is deeply misguided. At best, it has no effect on share prices. At worst, it transfers wealth to less scrupulous investors who benefit by paying less for oil stocks,” Sam Bowman, deputy director at free market think tank the Adam Smith Institute, told City A.M.
Kate Andrews, Head of Communications at the Adam Smith Institute, took part in a debate for BBC 5 Live this morning on whether or not the new Labour leadership should be given a chance with the UK economy. In this heated debate she argues against trusting them, and discusses issues such as housing, tax evasion and austerity measures.
Listen to the full interview here. (starts 07:00)