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Fury after UK cuts billions in overseas aid amid worst recession in 300 years
The British government faced fury after ditching its long-standing target for overseas aid in the wake of what it described as the deepest recession in over three centuries.In a statement to lawmakers, Treasury chief Rishi Sunak said the target to allocate 0.7 per cent of national income to overseas aid will be cut to 0.5 per cent. The move is expected to free up £4 billion (US$5.3 billion) for the Conservative government to use elsewhere, money that critics say could be used to save tens of…
Read the original article at South China Morning Post