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Free AccessSpeaker Confirms No Selection Of Aid Amendment-Gov't Avoids Potential Defeat
Speaker of the House of Commons Sir Lindsay Hoyle confirms that the amendment to the Advanced Research Invention Agency bill, which sought to force the gov't to reverse its plan to cut UK overseas aid spending from 0.7% to 0.5% of GNI, is ruled outside the scope of the bill and therefore will not be debated or voted.
- Leader of the Conservative rebels, Andrew Mitchell (Sutton Coldfield, Con), stated in response that if a vote were held on the issue, the gov't would be defeated by a majority of at least 9 votes.
- Speaker confirms that he wants the gov't to hold some form of vote on the reduction in aid spending, and if it does not come forward he will seek to ensure a debate on the issue by other means.
- This means the gov't is not necessarily out of the woods, but at least an embarrassing defeat does not come just before the G7 summit in Cornwall from 11-13 June.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.