Overseas Development Assistance: Budgets and Awards Debate
Full Debate: Read Full DebateLord McCrea of Magherafelt and Cookstown
Main Page: Lord McCrea of Magherafelt and Cookstown (Democratic Unionist Party - Life peer)Department Debates - View all Lord McCrea of Magherafelt and Cookstown's debates with the Foreign, Commonwealth & Development Office
(3 years, 9 months ago)
Lords ChamberMy Lords, I first put on record that I note the sentiments of the noble Lord and the excellent work that he does in this area. However, I am sure that he, equally, will recognise that the UK economy is today 11.3% smaller than it was last year and undergoing its worst contraction for 300 years. The deficit this year is projected to be double its peak during the financial crisis. This does require difficult decisions, they have been taken and the Government have committed to restore the 0.7% as soon as the fiscal situation allows.
My Lords, many see the announcement of quite major cuts to the overseas development assistance budget as a tragic blow to the poorest and most marginalised people in the world. It seems that the Government have not even spared countries that have been ravaged by disease, war and poverty. How does the Minister answer these charges, at such a critical time of pandemic? Is not this investment in such countries money well spent?
My Lords, I agree with the noble Lord’s final point. Any money spent in respect of alleviating the suffering of humanity, wherever that may be, is money well spent. On his challenge to me to justify this, I can point no further than to the support we have given throughout the Covid-19 pandemic to helping countries directly. We are also the people who put the architecture in place for the COVAX facility, which is now helping people with vaccinations globally, through a contribution of £548 million made by the UK.