Monday 16 June 2008

Aid to India

Three little snippets on the aid we pay to India:

Mark Williams in the comments at St John of Redwood: If Mr Brown wants to know how we can pay for a cut in duty the answer is simple. The Indian and Chinese governments pay billions to subsidise the price of oil in their own countries - i.e. to maintain/stimulate demand. Yet we, who pay billions in taxes supposed to reduce demand here, are sending £1 billion a year in aid to India.

Remittance Man: While doing a bit of Wiki-surfing I discover that India has provided Afghanistan with quite a sizeable chunk of development aid since 2001. $650-750 million worth to be precise... But it does beg the question: If India can afford to give her neighbours international aid on this sort of scale, why is India listed as one of the biggest recipients of British aid on the DfID website? Just asking.

Snafu: Why should Britain commit £252m to save the lives of 1 million Indian children each year when India would rather spend $3.3bn on its space programme?

As an accountant, once I've netted all this off and done the contra entries, it strikes me that the amount of aid we should be sending to India, should be in the order of ... er ... zero.

5 comments:

Anonymous said...

The amount of Aid that our government sends anywhere should be zero: We the People are perfectly capable of sending aid ourselves - there is no case for coercing the money from us in taxes.

Bill Quango MP said...

Is our 'aid' really a bribe?
Are they buying something that we want to sell?
BAE systems and all that...

In a $600 million deal, the Indian Army is set to acquire 197 helicopters from European syndicate Eurocopter. june 2007?

Mark Wadsworth said...

D, exactly. "Trade-not-aid" is the motto round these parts.

BQ, true, 'aid' payments are to a large extents just discounts for UK products. But why should I, the taxpayer, subsidise particular industries, be they weapons manufacturers or anything else?

Bill Quango MP said...

I agree.
But how do we stop the others from giving 'aid' too?

Bill Quango MP said...

Ah ..I meant subsidy in the Prince Bander sense.

But I take your point on Airbus and Boeing.