Prime Minister Boris Johnson is currently considering a short-term cut to foreign aid spending amidst huge budgetary shortfalls due to the economic damage caused by the Chinese coronavirus and the ensuing lockdown restrictions.
The government is drafting plans to decrease the amount spent on foreign aid from 0.7 per cent of Britains gross national income to 0.5 per cent.
In 2019, the British taxpayer sent £15 billion in aid to foreign countries. While the figure is expected to be smaller in 2021 due to economic contraction during the pandemic, the proposed cuts are believed to save around £5 billion, according to The Times.
The government is expected to inform Parliament that the loss in revenue from shuttered businesses during the coronavirus lockdowns has already cost the government over £210 billion and therefore meeting the foreign aid target is unfeasible.
Chancellor of the Exchequer Rishi Sunak is said to be a