A new report today from the Independent Commission for Aid Impact (ICAI) calculates that a fifth of the now-reduced foreign aid and development budget is now being used to fund asylum hotels. Global Britain…
Under international rules some ‘in-donor refugee costs’ like asylum housing are counted as foreign aid spending – in the next financial year those are set to take up £2.2 billion of the UK’s £10 billion official development assistance budget. According to the ICAI’s analysis of Spending Review figures the share of foreign aid spend on hotels will then drop to £1.8 billion the following year and £1.5 billion by 2028-29. The ODA budget is dropping in 2027 too. Those figures assume Labour can fulfil its doubted promise to end migrant hotel use…
Speaking at his speech on how to achieve “progressive capitalism” Wes Streeting fired a dig and Andy Burnham:
“Bond markets are not bond villains and fiscal rules matter.”