David Cameron makes surprising U-turn on foreign aid cuts
David Cameron makes surprisi...
Subscribe to Newsletter

David Cameron makes surprising U-turn on foreign aid cuts

16 April 2023
2 min.
David Cameron makes surprising U-turn on foreign aid cuts

UK aid cuts

Former British Prime Minister David Cameron has reversed his position on foreign aid cuts, arguing that the need for investment in developing countries is greater than ever.

In the past, Cameron had condemned Rishi Sunak for breaking the Conservative Party's promise to maintain the 0.7% spending target on overseas aid. He had called it a "very sad moment" and "a promise that we do not have to break."

However, in a recent article in the Sunday Telegraph, Cameron accepted the need to make significant aid budget cuts to balance the books. He stated, "I said at the time that it was a mistake. But I am a realist. Money is tight. Yet the need for investment in developing countries is greater than ever."

Cameron called on Western banks to lend more money to developing countries to counter China's growing influence around the world. He pointed out that Beijing had become "the world's largest official creditor" and was using loans to boost support in developing countries with its 'Belt and Road' initiative to invest in infrastructure in other countries.

Cameron argued that the UK should be "in the vanguard" of attempts to expand multilateral development bank (MDB) loans so that they can lend $1 trillion to developing countries.

The UK government announced in November 2020 that aid budget would be cut by £4bn to 0.5% of national income, breaking the Tory manifesto pledge of 0.7% of GDP. While it was meant to be a temporary reduction, Chancellor Jeremy Hunt in his autumn statement ruled out a return to the higher spending target for several more years.

The Sunak government has also been criticized for redirecting overseas aid to programs within the UK. Last year, the government spent £3.5bn of aid money on supporting refugees and asylum seekers already in the UK, one-third of Britain's entire annual budget. Government figures show that three times as much of the aid budget was spent on housing refugees in Britain in 2022 than on helping alleviate poverty in Africa.

In conclusion, Cameron's reversal on foreign aid cuts reflects the economic constraints that the UK government is facing. Nevertheless, he emphasizes the importance of finding alternative solutions to maintain aid funding for developing countries.

Persons2 and Companies2 in the news

Chancellor of the Exchequer
1 place
Former Prime Minister of the United Kingdom
2 place
Source foto:
Rating companies
18 Mention
12 Mention
Daily Mail
9 Mention
Labour Party
6 Mention
X (Twitter)
6 Mention
Channel 4
6 Mention
The Sun
6 Mention


News GlobalEng.biz -this is the latest and most up-to-date information about the resonant events that have occurred in the region. The task of the resource's news feed is to convey to readers information about important events in business, politics, economics, healthcare, culture and other spheres of life in England with maximum accuracy and objectivity.
News GlobalEng.biz - this is coverage of the economic processes taking place in England, the latest news of public life, incidents and an overview of political events. English news is information about the activities of small and medium-sized businesses, the work of housing and communal services, the implementation of significant projects. The site's journalists describe not only the life of the region, but also talk about the current state of the English economy. Everything you need to know about innovations in the field of industry and agriculture, economy and government is collected in the "News" section on GlobalEng.biz.
News of England promptly informs the reader, shows the real picture and opens up topical topics. Communication with government structures and business gives us the opportunity to provide our readers with reliable, information-rich material.
The main page of the portal contains the key news of England!
Alena Potapova

Development Director
Died this year
Born this year