The UK Chancellor of the Exchequer Alistair Darling today delivered the final budget before the election – and Britain has kept its promise to the worlds’ poorest.
The Department for International Development will have a budget of £7.8billion in the next financial year, up from £6.3billion in 2009-10. This £1.5 billion increase will provide vital additional funds to help reduce extreme poverty.
The budget reinforced Labour’s commitment to reach the target of spending 0.7% of GNI by 2013:
“spending on international development will continue to rise in the next Spending Review period to meet the Government’s Official Development Assistance (ODA) commitment in 2013 as planned.”
We need to ensure that Labour’s commitment is enshrined in UK law. The Conservative’s claim they’ll match 0.7% spending – but slashed the aid budget in half when they were last in power and have refused to back enshrine that in law. Sign up to the campaign at globalpovertypromise.com.
We do, however, share the disappointment of the Robin Hood Tax campaign that it was a missed opportunity to propose a Financial Transaction Tax to raise millions for tackling poverty at home and abroad.