UK Foreign aid budget to increase by £1 billion

‘The overseas aid budget will increase by an extra £1 billion over the next two years under new European Union rules, it has emerged.

The Department for International Development (Dfid) is preparing to change accounting methods in order to bring Britain in line with other EU countries, making it harder to meet the controversial aid target in the next parliament, according to The Times.

The UK already spends more than any other country on international agencies and is the second largest aid donor in the world.

Government figures released on Thursday reportedly show that Britain met last year’s aid spending target of 0.7 per cent of GDP, totalling £11.7 billion.’

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