Budget 2021: Aid Spending To Return To 0.7% - But Not Until 2024/25

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Chancellor of the Exchequer Rishi Sunak p (Photo: DANIEL LEAL-OLIVAS via Getty Images)
Chancellor of the Exchequer Rishi Sunak p (Photo: DANIEL LEAL-OLIVAS via Getty Images)

Rishi Sunak has announced that UK aid spending is expected to return to 0.7 per cent of national income by 2024/25.

The government cut spending on foreign aid during the pandemic, angering MPs including many Conservatives.

It was reduced to 0.5 per cent of national income - despite 0.7 being a commitment in the 2019 Conservative manifesto.

Unveiling his budget on Wednesday, the chancellor said: “As well as helping people at home, our improving fiscal position means we will meet our obligations to the world’s poorest.

“I told the house that when we met our fiscal tests, we would return to spending 0.7 per cent of our national income on overseas aid.

“Some people said this was a trick or a device. I told this house – it was no such thing.

“And based on the tests I set out, today’s forecasts show that we are, in fact scheduled to return to 0.7 in 2024/25 – before the end of the parliament.”

When they announced the cut, the government said the reduction would be “temporary” and reversed only when certain conditions are met.

The Labour Party is expected to point out that reinstating aid in 2024 effectively confirms the cut for another year.

This article originally appeared on HuffPost UK and has been updated.

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