The Labour leader opted last week to slash the foreign aid budget from 0.5% of GNI to 0.3% in 2027. These funds will be reallocated to boost military spending to 2.6% of Gross Domestic Product (GDP) by 2027. Bond – a membership organisation for charities working in international development – said it means by 2027, the aid budget will have been slashed by around £12 billion since the initial Tory cut. Given Labour also pledged in their manifesto to restore … read more »
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