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 Chi Onwurah Chi Onwurah Shadow Minister (Department for Business, Energy and Industrial Strategy) (Industrial Strategy) 4:39 pm, 9th October 2018

I chair the all-party group on Africa, which has been at the forefront of promoting greater good trade and investment links with Africa as being in all our interests. However, that must complement, not replace, our aid commitment. In treating pensions investments as aid, the Secretary of State is sending a signal that our pensioners should be dependent on returns on charitable donations and that trade with Africa is a question of charity. Is she really saying that we will be monitoring these new funding investments through company reporting, rather than making the investment fund managers accountable to this House?