Condition for exercise of power to increase limit: analysis of use of separate financial centres

Part of Commonwealth Development Corporation Bill – in the House of Commons at 2:29 pm on 10th January 2017.

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Photo of Richard Fuller Richard Fuller Conservative, Bedford 2:29 pm, 10th January 2017

Before the hon. Lady moved on to the important issue of transparency, she was talking about balance. It is fair to make the point, is it not, that CDC’s proportion of our development budget for its type, as foreign direct investment, is lower, at 4%, than comparables such as the French FDI of 12% and the Dutch at 30%? For the sake of proportion, it is fair to say that even with that increase, the UK will still spend more on development aid than most of our European peers do, and the proportion of FDI will be smaller than it is for many of those peers.