Changes to the UK’s aid budget in the Spending Review

0
72
"Opening its doors today, the UK Infrastructure Bank will accelerate our ambitions for tackling climate change and levelling up, while creating new opportunities across the UK as part of our Plan for Jobs" - Rishi Sunak. Picture by Andrew Parsons / No 10 Downing Street

UK aid to be overhauled to achieve greater impact.

The Chancellor of the Exchequer has today announced, as part of the Spending Review, a temporary reduction in the UK’s aid budget from 0.7% to 0.5% of our national income.

The government say the seismic impact of the pandemic on the UK economy has forced them to take tough but necessary decisions, including this temporary reduction in the overall amount the UK spends on aid. They say Britain will return to 0.7% when the fiscal situation allows.

A statement from the government says: “The UK government remains a world leading aid donor spending 0.5% of our national income. We will spend more than £10 billion next year to fight poverty, tackle climate change and improve global health.

“We will do aid better across government, even if the budget is smaller, to deliver maximum impact for every pound we spend.

“We will combine aid with diplomacy, focusing our efforts where the UK can make a world-leading difference ensuring the UK is a force for good across the globe.”

Tomorrow in a statement to the House of Commons, the Foreign Secretary will set out how the UK will overhaul UK aid to deliver even greater impact.

LEAVE A REPLY

Please enter your comment!
Please enter your name here