Trade not Aid

Once again the LibLabCon virtue-signalling obsession with giving billions of our hard earned money away in Foreign Aid makes the news.

Stories circulate regularly of Presidents of poor nations spending millions on an opulent lifestyle including fleets of Rolls Royces, lavish palaces and planes, having been recipients of millions of pounds of your money, leading to the oft-quoted phrase that;

Foreign aid is taking money from poor people in rich countries and giving it to rich people in poor countries.

The UK in particular is obsessed with this activity despite, for example;

>   28% of the children of the UK living in poverty (nearly 4m) and
>   9,000 ex-servicemen living rough on the streets
>   Massive underfunding in the NHS

All of which, you would think, would be worthier recipients of this money.

Then, this week this article appeared in the DT outlining how Hundreds of millions of British aid had been wasted on overseas climate change projects.

A Telegraph investigation shows little benefit so far from a £2 billion foreign aid programme to tackle climate change that was established eight years ago.

Two billion pounds!  This spending is linked to a World Bank fund in which;

almost one-third of the £6.75 billion total funding provided by the UK government. No other country has put in so much cash.

Why are we funding one-third of this World Bank program?  Why is it always the UK that gets suckered into this sort of deal.

UKIP have consistently stated that we would drastically cut foreign aid and spend the money in the UK. Disaster funds would be available for events such as earthquakes or hurricanes but other than that sort of spending, we would reduce the foreign aid budget from the current £12bn per year to around £2bn.

I’ve said before on this blog, what poorer countries around the World want is to TRADE their way out of poverty, not accept handouts. Unfortunately the protectionist EU limits the amount of trade allowed. Hopefully, now that we’re nearing the end of our membership of the EU we can offer some genuine help and hope to these nations through trading relationships.


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