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Minister resigns as UK cuts foreign aid spending commitment

Britain reduced its foreign aid spending commitment on Wednesday to 0.5% of gross domestic product from 0.7%, causing one minister to resign and an immediate outcry from development organisations and the spiritual head of the Church of England.

Instant View: Sunak says UK borrowing to soar

Britain will spend 280 billion pounds ($374 billion) this year to help its economy weather the COVID-19 pandemic, finance minister Rishi Sunak said, while government borrowing will hit a peacetime record of nearly 400 billion pounds.

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