British banks told not to invest in planned Israeli settlement before UK trade ban begins

British banks and financial institutions are receiving written warnings from MPs that they should not invest in Israel’s E1 settlement project even though new UK laws banning trade with illegal settlements are unlikely to be in place for months.

A letter was sent on Tuesday to all banks by the all-party Britain-Palestine group of MPs saying the onus was now on banks to review their obligations not to cooperate with new settlements.