One of the primary debating points as the UK negotiates arrangements for Brexit; leaving the EU (European Union).
It is important to understand that most if not all, Government departments are involved, to some degree, in sending public funds out from the UK. The UK does have a department with fixed annual budgets which operates uniquely under the International Development (Official Development Assistance Target) Act 2015, called the Department for International Development (DFID). The target set by the UN is currently 0.7% of GDP. The UK has consistently achieved the target since 2012. Currently the spend is £13.3 billions.
Currently in the UK, we also have the oldest government owned investment company; CDC Group plc which is directed but not funded directly by DFID. They invest in aided development projects in Africa and Asia, last year alone, investing £712.9 millions. They generally get a 5% return on investments over 5 years. Set up in 1948, they have invested £ billions of public funds.
In the UK we have an infrastructure which is crumbling. In the education sector, schools are bursting at the seams, the NHS is under-funded due to poor management at local and national level, and with ever rising costs of contracts, our armed forces are being trimmed back to a mere defence force. A lot of the problems have been caused by a high immigrant birth rate and people generally living longer. But could be alleviated by removing foreign aid ring-fencing and reviewing whether regular handouts to aid agencies should be the liabilities of UK taxpayers.
India have repeatedly said that they don’t need the £ millions which we send to them every year. Yes, India does have massive differences between the poor and the extremely rich classes. Much the same as we have in the UK! Ms Piri Patel should take a firm grip of her department and investigate drastic ways of reducing unnecessary gifts of our money, public funds.