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UK government accused of grotesque betrayal as full foreign aid cuts revealed

Vital for Britain s reputation that aid budget cut is temporary, former top diplomat warns

The former top diplomat at the Foreign Office has warned it is “vital” for Britain’s reputation that the government ensure a contentious multibillion-pound cut to the overseas aid budget remains a temporary measure. In his first public remarks on the issue since leaving his role as permanent secretary, Sir Simon McDonald said the timing of the spending reduction “could not have been worse”, coming just months after the Department for.

Prosperity Fund Portfolio in Brazil

Prosperity Fund Portfolio in Brazil The aim is to support Brazil’s economic modernisation, where increased productivity will facilitate increased sustainable economic growth and poverty reduction From: 10 December 2020 In Brazil, the UK is investing up to £110m until 2023 to expand the potential for global trade, catalyse innovation and investment and increase opportunities for international business in the country UK Aid policy and the Prosperity Fund The Prosperity Fund is a £1.2 billion portfolio of programmes over seven years focused on promoting inclusive economic growth and reducing poverty. The Fund also looks to create opportunities for international business including UK companies, as a secondary benefit.

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