Overseas Development

Lord Cormack Excerpts

Wednesday 1st November 2017 Lords Chamber

[Lord Bates]

As the noble Lord knows, those contributions are germane because they are very much part of the exit negotiations. We make a substantial contribution and our European colleagues are keen to retain a close relationship with the UK in respect of these things. We therefore want to work closely with them on these matters to see whether that is possible. At the moment, the EDF, to which I referred, is available only to member states, so there would also have to be changes on their side for us to continue.

[Lord Cormack (Con)]

My Lords, is not the unfortunate logic of the noble Baroness who spoke from the Liberal Benches that in your anxiety to deprive the rich, you are prepared to further impoverish the poor?

[Lord Bates]

You could construe it in that way, but another, perhaps a little more generous interpretation, would be to look at the case of the BVI. Its population is about 28,000. We follow GNI limits, which are $12,754 for graduating. One billionaire can make a profound distortion to the noted wealth of that country. In the BVI there are some very poor and needy people who lack the resources to rebuild their communities. We are committed to them not only because they are overseas territories but because of our humanitarian commitment.