Poverty: International Development Aid

Baroness Jones of Moulsecoomb Excerpts

Monday 15th January 2024 Lords Chamber

[Lord Ahmad of Wimbledon (Con)]

I totally agree with my noble friend I am sure that Hansard will correct me otherwise, but I think I did mention trade. I agree that trade is part and parcel of this, which is why we are working with the BII and British investment partnerships to ensure that we raise and leverage more financing to ensure sustainability. It is not just about providing aid; this is about development support, which allows countries to really progress directly themselves, and we need private finance and the private sector to work hand in glove with us on this.

[Baroness Jones of Moulsecoomb (GP)]

My Lords, does the Minister, or rather do the Government, understand that there is a link between the super-rich getting richer—for example, five men have since 2020 been adding £14 million per hour to their wealth—versus 5 billion people who have fallen into greater poverty? There is a link between inequality and the whole issue of being able to mop up poverty. Do the Government understand that link?

[Lord Ahmad of Wimbledon (Con)]

The noble Baroness differentiated between me as a Minister of the Crown and the Government. I assure her that we are at one and we totally understand the connection that she makes, because it is right. That is why we must focus on the most vulnerable. Again, I reiterate our focus on issues of girls’ education and the empowerment of women, because it is the most vulnerable who suffer and inequalities fuel that. We will focus on this in many of our programmes. That is why my right honourable friend the Development Minister has published our figures beyond this year and into next year, to demonstrably show how we are increasing funding, notwithstanding the challenges we face with the reduction to 0.5%, to ensure that there is real transparency in the British Government’s spending.