Cuts to overseas aid will worsen shocks to global economy, David Miliband says

"Cuts to overseas aid by countries including the US and the UK risk stoking global economic instability amid the humanitarian crisis resulting from the Iran war."

"Miliband emphasized that the US abandoning its aid programme under Donald Trump would worsen shocks to the global economy that would impact poor and wealthy countries alike."

"He regretted that Keir Starmer's government was slashing the UK's aid budget, stating that supporting the world's poorest was morally the right thing to do and a good investment for Britain."

"With warfare and threats to food security on the rise around the world, western governments cutting their overseas aid budgets were removing support that could help to prevent future global economic instability."

Cuts to overseas aid by the US and UK threaten global economic stability during the humanitarian crisis caused by the Iran war. David Miliband emphasized that the US's abandonment of its aid program under Trump would exacerbate economic shocks affecting both poor and wealthy nations. He criticized the UK's reduced aid budget, stating that supporting the poorest is both a moral obligation and a beneficial investment. The ongoing conflict in the Middle East is expected to increase global poverty and displace millions, highlighting the need for continued aid support.

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