British Aid (Post-War Gifts and Loans)

Part of 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 Sir Stafford Cripps Sir Stafford Cripps , Bristol East 12:00 am, 18th October 1949

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.