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 Penny Mordaunt Penny Mordaunt The Secretary of State for International Development, Minister for Women and Equalities 4:39 pm, 9th October 2018

I will circulate my speech to hon. Members.

Hon. Members must understand that ODA, the 0.7%, cannot be private funds; it can only be public funds—whether money Governments have put in or returns potentially from those funds in those publicly owned investment vehicles. The hon. Gentleman accuses me of playing to the gallery; I am sorry, but I think Opposition Members are doing that. I have not heard an Opposition Member stand up and defend good British business that wants to use its resources to help alleviate and eradicate poverty. We are behind that agenda, and I urge Opposition Members to get with it, too.