G7 Summit

Bernard Jenkin Excerpts

Monday 22nd May 2023 Commons Chamber

[The Prime Minister]

The right hon. Gentleman failed to mention that we are currently the third largest spender in the G7 on development aid as a percentage of GDP, and one of the largest contributors to funds such as the Global Fund and the multilateral institutions that he names. We have everything to be proud of. When it comes to reform, as we discussed at the G7—I began this work as Chancellor—we are pushing for reform of the multilateral development banks, so that we can stretch their balance sheets. We are also pioneering the work of using climate resilient debt clauses in our bilateral lending—that was a specific ask from the development finance community that we are taking forward. Indeed, as Chancellor I put in place the common framework for debt relief—something the right hon. Gentleman will be familiar with—and we are now working hard to deliver the benefits of that to countries. I think when I announced it we were the first country to announce that we would recycle our SDRs, and that is making an enormous difference. Every country contributes in different ways, but we should be very proud of our record.

[Sir Bernard Jenkin (Harwich and North Essex) (Con)]

I congratulate my right hon. Friend on putting Ukraine front and centre at the G7 summit. Will he make it clear that that is not just because we believe it is morally right to support Ukraine in her own self-defence, but is because the successful outcome of the war in Ukraine is intrinsically tied up with our own strategic and national interest, and that of the whole western world, upon which our own security and prosperity depend?

[The Prime Minister]

My hon. Friend put it well; I agree with every word he said. I would go slightly further. Ultimately, what are we fighting for? We are fighting for the values that we believe in of democracy, freedom and the rule of law. The only thing that I disagree with him on is that while he said the western world, actually what has been striking and welcome in the conflict has been the support of countries such as Japan. I paid enormous tribute to Prime Minister Kishida in Hiroshima for that leadership, because it has rightly recognised, as have other countries and allies such as Australia, that our security is indivisible. Whether in the Pacific or the Atlantic, the values that we all hold dear are universal, and we should all work together and fight hard to defend them.