Beautiful Virgin Islands

Monday, Apr 06, 2026

Billionaires Gates & Soros reportedly step in to cover fraction of foreign aid cut by UK, but some question their intentions

Billionaires Gates & Soros reportedly step in to cover fraction of foreign aid cut by UK, but some question their intentions

In an apparent attempt to shame Boris Johnson’s government for its decision to cut Britain’s foreign aid, the who's who of the world of billionaire philanthropy are said to have pledged to cover a small part of the diverted money.

A group of international charities this week pledged to invest £93.5 million ($130m) into causes that will be missing money from the UK this year. The temporary funding will go to poor countries including Bangladesh, Ethiopia, Kenya, Malawi, Mozambique, Nepal, Nigeria, Sudan, South Sudan, Tanzania, Uganda and Zambia. It will be spent on programs including ones that treat neglected diseases and offer contraception.

The move, first reported by the Times on Sunday, is meant to shame the British government over the decision it took last year to reduce foreign aid. Previously, London allocated around 0.7% of the UK Gross National Income (GNI) to foreign assistance programs, but the Johnson cabinet cut this to 0.5%.

The 0.7% GNI benchmark was adopted as a target in the 1970s, when it was recommended by the UN, and made into law under the David Cameron government in 2015. Johnson’s reduction is estimated to amount to £4 billion ($5.56b) in 2021.

The aid cut, which was announced last November, was opposed by some members of Conservative Party, including former prime minister Theresa May who refused to make such cuts during her tenure. Then-foreign office minister Baroness Sugg resigned in protest when the measure was announced.

While many critics argue that denying struggling people funding for lifesaving assistance is contrary to Britain’s moral values, some politicians framed their opposition as a geopolitical calculation.

“When Britain withdraws, others step in. By cutting our aid, we have given states such as China and Russia an opportunity to expand their influence at Britain’s expense,” argued Tom Tugendhat, the Tory MP who chairs the Foreign Affairs Committee. “In fragile and conflict-affected states, UK cuts to humanitarian crises give space for our rivals to convince our friends we don’t matter.”

There has been a push in Parliament to put the reduction of aid to a vote, which the Johnson cabinet has so far successfully resisted. The government tried to appease detractors, saying the measure was temporary and was necessary to invest more into domestic spending.

Philanthropists and some legislators may be vocally objecting to the aid cut, but the measure was quite popular among the British public. A YouGov poll taken at the time it was announced showed that 66% of Britons were in favor. Giving away 0.7% of the GNI made Britain among the most generous countries in the world under the metric. Critics have long doubted that the British taxpayers' money was doing as good a job as it should have.

Unsurprisingly, this week’s shaming attempt was met with some pushback, especially considering the personalities behind the participating charities. Microsoft founder – and “self-appointed world health tsar,” according to critics – Bill Gates led the charge through his Bill and Melinda Gates Foundation.

The list of backers also includes the Children's Investment Fund Foundation, created by billionaire hedge fund manager Chris Hohn, the quiet philanthropy heavyweight ELMA Group of Foundations, the brainchild of South African-born British record magnate Clive Calder, and George Soros’ Open Society Foundations.

Critics brushed the initiative aside as a failing self-promotion attempt and the latest example of billionaires trying to privatize public policy.



Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
UK Considers Deploying Aircraft Carrier for US Independence Day Celebrations Amid Renewed Transatlantic Focus
United Kingdom Moves to Attract AI Firm Anthropic Amid Tensions with US Defense Officials
RAF Intercepts Iranian Drones in Middle East to Defend Allied Security Interests
Labour Signals Shift on Foie Gras and Fur Restrictions to Advance EU Trade Talks
Seven Arrested Near RAF Base as UK Authorities Respond to Protest Activity
Economic Pressures Mount as Analysts Warn UK Growth Is Being Constrained by Policy Burdens
UK Green Party’s Push for Church-State Separation Sparks Debate Over National Identity
Strategic Island Emerges as Growing Challenge for United States and United Kingdom Defense Planning
Pepsi Pulls Sponsorship from UK Festival Following Backlash Linked to Kanye West
Signs Emerge of Declining Enthusiasm for Social Media in the United Kingdom
Security Alert Raised Ahead of Meghan Markle’s Planned Visit to Australia
UK Food Halls Defy Hospitality Slowdown, Emerging as Bright Spot in Challenging Market
UK Sets Firm Conditions for Military Action, Insisting on Legal Mandate and Clear Strategy
UK Medicines Regulator Launches Probe into Peptide Clinics Over Health Claims
New North Sea Drilling Unlikely to Significantly Cut UK Gas Imports, Analysis Finds
Woman Linked to UK’s First All-Female Terror Plot Faces Deportation
Downed US Aircraft Over Iran Linked to Operations from UK Airfield
Two Men and Teen Detained in UK Following Attack on Jewish Charity Ambulance
UK Police Launch Inquiry After Firearms Left Unattended Outside Mayor’s Residence
Giuffre Family Calls on King Charles to Meet Epstein Survivors During US Visit
Amber Wind Warning Issued as Storm Dave Approaches Parts of the United Kingdom
Prince Harry and Meghan’s Australia Visit Set to Draw Heightened Global Attention
UK Considers Entry Fees for Overseas Visitors at Major Museums Ahead of 2026 Travel Season
UK Prime Minister and Kuwait Crown Prince Coordinate Security Response After Regional Escalation
Calls Grow to Expand Fully Paid Maternity Leave for UK Teachers Amid Workforce Pressures
UK Secures Tariff-Free Access to US Market in Landmark Pharmaceuticals Agreement
Trump Projects Strength in Critique of UK Leadership and Naval Readiness
UK FinTech Setback as VibePay and Smartlayer Cease Operations Amid Funding Pressures
UK Leads Global Coalition of Over Forty Nations to Address Strait of Hormuz Crisis
UK Firms Urged to Accelerate Preparation as New Sustainability Reporting Rules Take Shape
UK Moves Rapid Sentry Air Defence System to Kuwait After Drone Strike Escalation
Transatlantic Relations Tested as UK Seeks Balance While Trump Reshapes Strategic Approach
Trump’s Strategic Pressure on UK Seen as Push for Stronger Alignment and Fairer Terms
UK Focuses on Trade Finance to Secure Critical Materials for Defence and Energy Sectors
Majority of UK Businesses Hit by Middle East Conflict While Confidence Holds Firm
UK Royal Navy Faces Renewed Scrutiny as Debate Intensifies Over Capability and Readiness
Reform UK Faces Mounting Distractions as Policy Agenda Struggles to Gain Traction
Investigation Launched Into Northern Cyprus IVF Clinics After UK Families Receive Incorrect Sperm
International Meeting Issues Unified Call to Safeguard Navigation Through Strait of Hormuz
Potential Strait of Hormuz Closure Raises Concerns Over UK Food and Medicine Supply Chains
UK Leads Coalition of Over Forty Nations Urging Iran to Reopen Strait of Hormuz
UK Secures Tariff-Free Access for Medicines in Landmark US Pharma Trade Agreement
King Charles III Invited to Address Joint Session of U.S. Congress in Rare Diplomatic Honor
Debate Grows Over Whether Expanded North Sea Drilling Can Reduce UK Energy Bills
UK Faces Heightened Risk of Jet Fuel Shortages, Airline Chief Warns
UK Ends Police Investigations into Lawful Social Media Posts After Review Finds Overreach
Abramovich Moves to Establish Charity for Frozen Chelsea Sale Proceeds Amid UK Dispute
Starmer Reaffirms NATO Commitment While Responding to Trump’s Strategic Critique
UK Aid Reductions Raise Fears of Severe Human Impact Across Parts of Africa
UK Signals Renewed Push for EU Cooperation as Iran Conflict Reshapes Security Landscape
×