Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > UK lawmakers push for stronger regulation on forced labour in supply chains
    Headlines

    UK lawmakers push for stronger regulation on forced labour in supply chains

    Published by Global Banking & Finance Review®

    Posted on March 3, 2025

    2 min read

    Last updated: January 25, 2026

    The image depicts the logo of Norway's Sovereign Fund, which plans to divest from Israeli companies due to the ongoing humanitarian crisis in Gaza. This decision reflects ethical investment practices and highlights the fund's significant influence in global finance.
    Norway's sovereign fund logo reflecting divestment from Israeli stocks amid Gaza conflict - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilitycomplianceHuman Rightsfinancial servicesInternational trade

    Quick Summary

    UK lawmakers urge stronger forced labour regulations to prevent the UK from becoming a dumping ground for banned products.

    UK Lawmakers Urge Enhanced Regulations Against Forced Labour in Supply Chains

    By James Davey and Helen Reid

    LONDON (Reuters) - Britain must strengthen its safeguards against forced labour in supply chains to avoid the country becoming a dumping ground for products banned in other markets, lawmakers said in an report on Monday.

    Lawmakers on the cross-party Business and Trade Committee called on ministers to update Britain's modern slavery legislation, penalise companies that fail to publish modern slavery statements, and consider creating a criminal offence around forced labour in supply chains.

    "The UK is at serious risk of becoming a 'dumping ground' for products made with forced labour if it does not keep up with our global partners on legislative reforms to tackle modern slavery," the report said.

    The United States has forced labour legislation in place banning products made in China's Xinjiang region, and European Union forced labour regulation will come into effect in December 2027.

    The U.S. government and non-governmental organisations accuse China of forced labour and human rights abuses targeting Uyghur people in Xinjiang, allegations Beijing denies.

    Lawmakers interviewed representatives from online fast-fashion retailer Shein, which aims to list in London this year, and online marketplace Temu as part of their inquiry, as both platforms face allegations their products contain cotton from Xinjiang.

    Shein's general counsel for Europe, the Middle East and Africa, Yinan Zhu, dodged lawmakers' questions in January about the source of cotton in products shipped to the UK, and this refusal to reply was "a source of extreme concern", the report said.

    In subsequent written replies to the committee's questions, Zhu said Shein does not allow Chinese cotton in products sold in the U.S., and that there is no legal restriction in Britain on the origin of cotton, but in practice there is overlap between the products Shein sells in both countries.

    Shein, which sells in 150 markets worldwide, says it has a zero-tolerance policy on forced labour. Temu has also said it strictly prohibits forced labour.

    (Reporting by James Davey and Helen Reid; Editing by Christina Fincher)

    Key Takeaways

    • •UK lawmakers call for stronger forced labour regulations.
    • •Britain risks becoming a dumping ground for banned products.
    • •Calls to update modern slavery legislation in the UK.
    • •US and EU have existing or upcoming forced labour laws.
    • •Shein and Temu face scrutiny over Xinjiang cotton use.

    Frequently Asked Questions about UK lawmakers push for stronger regulation on forced labour in supply chains

    1What do UK lawmakers want to change regarding forced labour?

    UK lawmakers are calling for updates to modern slavery legislation and penalties for companies that fail to publish modern slavery statements.

    2Why are lawmakers concerned about forced labour in supply chains?

    They warn that the UK risks becoming a 'dumping ground' for products made with forced labour if it does not align with global legislative reforms.

    3What is Shein's position on forced labour?

    Shein claims to have a zero-tolerance policy on forced labour and states it does not allow Chinese cotton in products sold in the U.S.

    4What allegations are made against China regarding forced labour?

    The U.S. government and NGOs accuse China of forced labour and human rights abuses against the Uyghur people in Xinjiang, which China denies.

    5When will the EU's forced labour regulation come into effect?

    The European Union's forced labour regulation is set to come into effect in December 2027.

    More from Headlines

    Explore more articles in the Headlines category

    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Not Italy's Devil's Island: Sardinia bristles at mafia inmate plan
    Not Italy's Devil's Island: Sardinia bristles at mafia inmate plan
    Image for Two airports in Poland closed due to Russian strikes on Ukraine
    Two airports in Poland closed due to Russian strikes on Ukraine
    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    View All Headlines Posts
    Previous Headlines PostRussia launches Soyuz rocket with spacecraft for defence purposes, RIA reports
    Next Headlines PostRio Tinto resumes operations at Western Australia's Dampier port after five weeks