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UK cuts overseas aid after worst recession in over 300 years - Black News Channel

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By PAN PYLAS Associated Press LONDON (AP) — The British government faced fury Wednesday 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% of national income to overseas aid will be cut to 0.5%. The move is expected to free up 4 billion pounds ($5.3 billion) for the Conservative government to use elsewhere, money that critics say could be used to save tens of thousands of lives in the poorest parts […]

The post UK cuts overseas aid after worst recession in over 300 years appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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