Government Overseas Aid Commitment: Private Investment

Part of the debate – in the House of Commons at 4:39 pm on 9th October 2018.

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Photo of Lloyd Russell-Moyle Lloyd Russell-Moyle Labour/Co-operative, Brighton, Kemptown 4:39 pm, 9th October 2018

This morning, I searched in vain for any content in the Secretary of State’s leadership bid—I mean, her speech. The only content that I found was the statement that she was going to start a national conversation. Her party has only just successfully lobbied the OECD to change the rules to allow the billions invested in CDC to be counted as aid upfront, and now she says that she wants another change. May I, for the purpose of clarity, ask whether, if the Government have invested £1 in CDC and it recirculates two or three times, she counts that once as £1 from the Treasury, or counts it three, four, five, six times and pats herself on the back while reducing the 0.7%? Will she commit herself to the 0.7% as a floor and not a cap?