British Aid (Post-War Gifts and Loans)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 18th October 1949.

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Photo of Major Donald Bruce Major Donald Bruce , Portsmouth North 12:00 am, 18th October 1949

asked the Chancellor of the Exchequer what is the total amount to date of aid granted by Great Britain to other countries since the end of the war, distinguishing between amounts loaned, outright gifts or grants, and grants made under the Intra-European Payments Scheme.

Photo of Sir Stafford Cripps Sir Stafford Cripps , Bristol East

Aid by the United Kingdom to other countries in the form of gifts or loans of cash, goods, and services, has amounted to £950 million since the end of the war. Of this, £65 million represents drawing rights exercised on us under the Intra-European Payments Scheme, £400 million is in gifts or grants, and £485 million is recoverable aid.