LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

An eye watering £4.3 billion of taxpayers money has been spent on refugees in the UK

Philip Roth by Philip Roth
April 10, 2024
in UK
An eye watering £4.3 billion of taxpayers money has been spent on refugees in the UK
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Free AI Homework Helper Reviewed on Real Assignments – London Business News | London Wallet

US preparing for potential large-scale military action in Iran – London Business News | London Wallet

Reform Chancellor warns ‘we must defuse the benefits bomb now’ as UK on brink of bankruptcy – London Business News | London Wallet

Overseas aid which has been diverted for refugees in the UK has now reached an eye watering £4.3 billion over the last year.

On Wednesday provisional figures shows that spending on “in-donor refugee costs” has increased by £600 million last year and the overall amount has risen by £2.6 billion.

The increase in spending is due “to the Home Office” spending, which is up by £559 million in 2023, according to the Foreign, Commonwealth and Development Office (FCDO).

International Development Committee chair Sarah Champion said the cost on supporting refugees in Britain is “deeply worrying.”

Speaking to PA news agency she said, “We have expressed our concerns on a number of occasions and ministers are still not listening.

“Almost 30% of our aid is being spent on refugee costs – nearly five times our bilateral spend on emergency international humanitarian aid.

“We do not believe that UK ODA is being spent in the spirit of the OECD rules.”

Shadow international development minister Lisa Nandy blasted the government and said they are using the Overseas Development Aid (ODA) to “bail out their failing asylum system with a blank cheque.”

Nandy said, “This is sticking plaster politics at its worst, terrible value for money for British taxpayers and is no way to run the development budget or the Home Office.”

Tamsyn Barton, chief commissioner of the Independent Commission for Aid Impact (ICAI), hosting asylum seekers by spending an “unlimited amount” at the expense of the Foreign Office is giving “the wrong incentives.”

She added, “What’s more, using so much of the aid budget on UK asylum hotels, rather than on supporting people nearer home, is inequitable and inefficient.”

A UK Government spokesperson said, “The UK spent over £15 billion on development last year, including on life-saving humanitarian aid in Gaza, in Sudan following the coup, and in Turkiye and Syria after the earthquake.

“Our spend in 2023 also helped fragile states to access finance, millions of women globally to receive family planning support and is tackling the effects of climate change. We are also nearly doubling our spend in low-income countries this financial year.

“Last year’s budget was boosted by additional funding to support refugees in the UK, who have escaped oppression and conflict overseas, including from Ukraine and Afghanistan. We will continue to ensure our aid budget delivers value for money for British taxpayers.”



Source link

Share30Tweet19
Previous Post

BMW just hit a major EV milestone as Q1 electric vehicle sales surge, outpacing rivals

Next Post

The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past

Philip Roth

Philip Roth

Recommended For You

Free AI Homework Helper Reviewed on Real Assignments – London Business News | London Wallet
UK

Free AI Homework Helper Reviewed on Real Assignments – London Business News | London Wallet

February 18, 2026
US preparing for potential large-scale military action in Iran – London Business News | London Wallet
UK

US preparing for potential large-scale military action in Iran – London Business News | London Wallet

February 18, 2026
Reform Chancellor warns ‘we must defuse the benefits bomb now’ as UK on brink of bankruptcy – London Business News | London Wallet
UK

Reform Chancellor warns ‘we must defuse the benefits bomb now’ as UK on brink of bankruptcy – London Business News | London Wallet

February 18, 2026
deVere: Bank of England has no excuse to delay March rate cut – London Business News | London Wallet
UK

deVere: Bank of England has no excuse to delay March rate cut – London Business News | London Wallet

February 18, 2026
Next Post
The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past

The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past

Related News

Bosch and X Shore team up on new electric boat drivetrains

Bosch and X Shore team up on new electric boat drivetrains

June 21, 2023
U.S. FSC to discuss illicit activity in crypto at upcoming hearing

U.S. FSC to discuss illicit activity in crypto at upcoming hearing

November 13, 2023
As Ozempic and Wegovy take off, this tech startup just raised  million to tackle weight loss with data

As Ozempic and Wegovy take off, this tech startup just raised $20 million to tackle weight loss with data

October 24, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • jutawantoto
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?