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Financial Times 26th March, 2014
Washington is “bullying” UK banks into refusing to support legal exports to Iran, costing British companies hundreds of millions of pounds in lost sales, senior politicians claimed at Westminster on Wednesday.
While US exports to Iran have been rising, Washington is suspected by British parliamentarians of using extraterritorial threats to hinder UK companies wanting to legally export food, pharmaceuticals and medical devices to Iran.
MoreOn this topic Bank stress tests focus on shocks Lenders seek to ease levy burden Scheme to boost small business lending UK ‘challenger’ banks plan £10bn listingsIN UK Politics & Policy Former ‘spad’ says ministers kept in dark Farmland and business tax reliefs double Miliband tries to charm small business UK census to be mainly online from 2021Jack Straw, the former Labour foreign secretary, and Norman Lamont, former Tory chancellor, claim Washington’s behaviour is a direct challenge to British sovereignty.