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Ex-UK PMs warn against overseas budget cuts
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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.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
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56.85 |
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