UK foreign aid cuts to stay in place for at least another three years
Cuts to the UK’s foreign aid budget are to remain for at least another three years, with aid spending below the statutory target of 0.7% until at least 2024-25, the Treasury has announced.
The budget is likely to face a third round of cuts as the Treasury prepares to classify as aid billions of spending including debt relief previously outside the aid budget, so reducing the sums left for core humanitarian aid. Charities claimed “accountancy tricks” would result in £1bn being taken from the aid budget overall.
The Foreign, Commonwealth and Development Office (FCDO) said its budget will continue to be set at 0.5% of gross national income (GNI), so rising from £9bn to £10.9bn over the next three years. The size of the increase dashes hopes that
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