Foreign, Commonwealth and Development Office
Debate between David Taylor and Andrew Mitchell(1 week ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
David Taylor
My hon. Friend makes an interesting point, which I hope he will get to make in more detail in due course. In the time available to me, I will carry on with a few other suggestions.
Another suggestion relates to British International Investment. I am not here to criticise the work that it is doing, but the point of ODA is first and foremost to help people in extreme poverty. Although admittedly it has improved, BII has a track record over the years of not necessarily focusing on the very poorest in society. For that reason, I think the Government should look at ways of making BII capitalisations additional to the 0.3%.
David Taylor
I will not, if the right hon. Gentleman does not mind.
The justification for that could be that the BII makes capital investments, which are ultimately an asset on the Government’s balance sheet, and that finance does not count towards the Government’s budget deficit. That could be one way of justifying such a measure without going against the Government’s fiscal rules.
I have only 30 seconds left, so I will end where I started. Other Members have made points about how aid is in our national interest, and they are right to say so. For me, it has always been about how we can ultimately benefit other human beings. Where we are born is an accident; I am privileged to live in what I consider to be the best country in the world, but many are not. We must do everything we can to support the most vulnerable.