In Other News · United Kingdom · Markets

Source: The Guardian UK

Party’s pledge to reduce aid budget from £9bn a year to £1bn to fund new prison places branded as ‘posturing’Conservative plans to slash the aid budget by 90% would leave the UK unable to cover existing contributions to the UN and World Bank, and “irreparably damage” Britain’s global credibility, several organisations and charities have told the Guardian.In a series of announcements at the Tory party conference in Birmingham, Kemi Badenoch said that as prime minister she would reduce the aid budget from £9bn a year to £1bn, to part-fund 50,000 new prison places in England and Wales. The culture budget would also be slashed by £1bn a year to fund the plans. Continue reading...