Barclays Suspends Funding of Live Nation U.K. Festivals After Protests Over Links to Defense Firms

Snow Patrol perform during day four of Latitude Festival 2022 at Henham Park on July 24, 2022 in Southwold, England.Barclays has suspended its sponsorship of Live Nation’s U.K. festivals following protests from artists over the bank’s links to defense companies supplying arms to Israel as well as fossil fuel firms.

Referencing recent outbreaks of vandalism at a number of U.K. Barclays bank branches, where protestors threw paint and smashed windows, the spokesperson said the “only thing that this small group of activists will achieve is to weaken essential support for cultural events enjoyed by millions. It is time that leaders across politics, business, academia and the arts stand united against this.”

Defending its position, Barclays has previously stated that it provides “vital financial services to U.S., U.K. and European public companies that supply defence products to NATO and its allies” but does not directly invest in these companies.

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