In November 2020, however, the government announced that it would reduce the target to 0.5% for a period, while finances recover from the pandemic. “Our intention is to return to 0.7% when the fiscal situation allows,” the Chancellor, Rishi Sunak, said.
The new target will substantially reduce the amount of aid spending. Although even at 0.5% of national income, it will be higher than it generally was before 2006.
Mr Johnson’s claim that “we continue to spend more than Labour ever did” is therefore accurate if you compare sustained periods of government—although Labour did spend 0.51% of national income on foreign aid in two single years: 2006 and 2009.
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