The British Government have declared they are putting foreign aid towards improved trade deals
In removing the EU strait-jacket the Government has declared the first major aid initiative to include benefits for British companies and international business.
The Independent Commission for Aid Impact (ICAI) states: “Since the referendum on leaving the European Union, the promotion of trade has been given a higher priority by the Prosperity Fund.”
- Brits 'donate more to foreign aid than any other charity'
- ‘Swiss franc ON STEROIDS’ Pound SURGE predicted
Helping to build well-regulated, competitive markets is the right thing to do
A Government spokeswoman said: “In a post-Brexit world a more outward looking, global Britain investing and trading with the fastest growing markets is good for the UK and good for the world.
“Helping to build well-regulated, competitive markets is the right thing to do to deliver global prosperity,stability and security and help the poorest, 60 per cent of whom live in middle income countries,to stand on their own two feet and become our trading partners of the future.”
Philip Hammond and UK Ambassador to the EU Timothy Barrow are working hard to negotiate trade deals
Government officials want countries like superpower China, India and Brazil to have access to private sector expertise and lift themselves out of poverty.
Statistics released by the Department for International Development (DFID) in November revealed Britain’s foreign aid budget has risen by £437million to £12.1billion overall - 0.7 per cent of GDP every year.
UK Foreign Aid: Where did it all go? Mon, January 16, 2017
Public mood changes following scandals over how the money is allocated. This is where the UK Foreign Aid was being spent in 2015.
Getty Images 1 of 10
India = £150.4m
With £1.3billion of that being distributed by the EU, the amount going to Brussels has risen by more than a fifth, official figures showed last month.
Last year it was reported EDF gave more than £400million a year of British cash to projects promoting Zimbabwean dictator Robert Mugabe and sending officials to the Caribbean to discuss renewable energy.
EU foreign aid in post Brexit Britain will be aimed at trade deals and business.
A total of £152,293 was reportedly handed over to projects including trapeze, acrobatics and juggling lessons in Tanzania as part of a Fit For Life scheme.
The EDF is also said to have paid £126,933 towards a “study on Pacific coconut development” and £173,364 to an arts centre in Dar es Salaam, Tanzania, which runs a course making art from plastic bags.
- Snowflakes: Four in 10 young people ‘anxious’ over Brexit and Trump
- Labour on Corbyn collision course as leader to vote AGAINST Article 50
- PM facing calls from Tories to secure rights of EU citizens in UK