LONDON — The U.K. government will not spend 0.7% of gross national income on official development assistance next year, Chancellor Rishi Sunak confirmed Wednesday, despite being legally committed to the target.
The government will instead allocate 0.5% of GNI — expected to be around £10 billion ($13 billion) — to the aid budget in 2021, according to Sunak.
That is a cut of around £5 billion compared to the 2019 budget and will have a significant impact on the programs it is able to support.