SME Times is powered by   
Search News
Just in:   • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour  • ASEAN to keep on consensus, inclusivity: Malaysian official 
Last updated: 21 Nov, 2020  

UK.9.Thmb.jpg Ex-UK PMs warn against overseas budget cuts

UK.9.jpg
   Top Stories
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
» India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts
IANS | 21 Nov, 2020
Former UK Prime Ministers David Cameron and Tony Blair have warned incumbent leader Boris Johnson against slashing the country's overseas budget, the media reported on Saturday.

The UK is committed to spending 0.7 per cent of the GDP on aid, but the Johnson-led government was mulling reducing the target to 0.5 per cent, which would have saved around 4 billion pounds this year, the BBC reported.

In a statement, Cameron said such a move would be a "moral, strategic and political mistake".

The 0.7 per cent target, initially proposed by the UN in the 1970s, was first adopted in the UK by Blair's Labour government in 2005.

However, it was not actually reached until 2013 under the Cameron-led coalition government.

Speaking to the Daily Telegraph on Saturday, Blair said Britain's 0.7 per cent commitment had saved millions of lives in the past 20 years by helping to reduce deaths from deadly diseases such as malaria and HIV in Africa.

Millions have also been educated, living standards raised, and life expectancy "dramatically" increased, he was quoted as saying.

The warnings come ahead of the UK taking over the G7 presidency from the US on January 1, 2021.

The G7 comprises world's seven largest so-called advanced economies: Canada, France, Germany, Italy, Japan, the UK and the US.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter