ChatterBank4 mins ago
What Parts Of Foreign Aid Should We Cut?
29 Answers
There was a good response to an earlier thread "Which Benefits Would You Cut"?
Perhaps before we make any cuts at home we should first consider making cuts to our foreign aid?
http:// www.dai lymail. co.uk/n ews/art icle-31 38436/T he-biza rre-for eign-ai d-schem es-give n-Briti sh-taxp ayers-c ash-inc lude-Et hiopian -game-a nti-lit ter-dri ve-Jord an-find ing-mat es-trop ical-fi sh.html
Perhaps before we make any cuts at home we should first consider making cuts to our foreign aid?
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The amount of foreign aid we give is part of the G7 agreement and the target is 0.7% of GDP which I think we have just reached.
As I said on the other thread, it is not entirely altruistic. A lot of the money we give comes back in contracts for supplies and specialist work; it gives the UK certain diplomatic rights and negotiations; it encourages trade with emerging nations.
http:// www.tel egraph. co.uk/n ews/ear th/gree npoliti cs/deve lopingw orld/11 463658/ Spendin g-more- on-fore ign-aid -makes- Britain -richer -safer- and-mor ally-be tter.ht ml
http:// www.tot alpolit ics.com /blog/3 65022/f oreign- aid-is- vital-t o-ukand 39s-spe nding.t html
As I said on the other thread, it is not entirely altruistic. A lot of the money we give comes back in contracts for supplies and specialist work; it gives the UK certain diplomatic rights and negotiations; it encourages trade with emerging nations.
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From the DM article..
'Foreign Secretary Philip Hammond today pledged to review his department's spending after controversial new examples of how his department spent its £343million aid budget emerged.'
Am I seeing this too simplistically or incorrectly? We have a substantial budget deficit which we close by borrowing at an agreed interest rate. We then give £343 million away for free !
'Foreign Secretary Philip Hammond today pledged to review his department's spending after controversial new examples of how his department spent its £343million aid budget emerged.'
Am I seeing this too simplistically or incorrectly? We have a substantial budget deficit which we close by borrowing at an agreed interest rate. We then give £343 million away for free !
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