Arab Press

بالشعب و للشعب
Tuesday, Feb 24, 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

Arab Press
0:00
0:00
Close
GCC Secretary-General Holds Talks with EU Ambassador in Riyadh
Gulf States’ AI Investment Drive Seen as Strategic Bet on Technology and U.S. Security Ties
African Union Commission Chair Meets Saudi Vice Foreign Minister to Deepen Strategic Cooperation
President El-Sisi Holds Strategic Talks with Saudi Crown Prince in Riyadh
Lucid Unveils Up to $12,000 Incentive for Air and Gravity Models in Saudi Arabia
Saudi Arabia Enters Global AI Partnership, Expanding Its Role in International Technology Governance
Saudi Arabia’s Landmark U.S. LNG Agreement Signals Major Strategic Shift
Saudi Arabia Accelerates Global Gaming Push with Billion-Dollar Deals and Expanded PIF Mandate
Saudi Arabia Reports $25.28 Billion Budget Deficit in Fourth Quarter of 2025
Alvarez & Marsal Tax Establishes Dedicated Pillar Two and Transfer Pricing Team in Saudi Arabia
United States Approves Over Fifteen Billion Dollars in Major Arms Sales to Israel and Saudi Arabia
Pre-Iftar Walks Gain Momentum as Ramadan Wellness Trend Spreads
Middle East Jackup Rig Fleet Contracts Further After Saudi Drilling Suspensions
Türkiye and Saudi Arabia Prepare to Sign Five Gigawatt Renewable Energy Deal at COP31
King Mohammed VI Congratulates Saudi Leadership on Founding Day, Reaffirming Strategic Ties
US Envoy Huckabee Clarifies Remarks on Israel After Expansionism Controversy
Saudi Arabia Introduces Limited Exceptions to Regional Headquarters Requirement for Foreign Firms
Saudi Arabia Joins Global Partnership on Artificial Intelligence, Elevating Its Role in Shaping AI Governance
Saudi Arabia and Arab States Mobilise Diplomatically After U.S. Envoy’s Israel Remarks
Cristiano Ronaldo Reaffirms His Commitment to Saudi Arabia Amid Transfer Speculation
Proposed US-Saudi Nuclear Deal Raises Questions Over Uranium Enrichment Provisions
Saudi Arabia Sends 81st Aid Flight to Gaza as Humanitarian Air Bridge Continues
Global Games Show Riyadh 2026 Positioned as Catalyst for Saudi Arabia’s Vision 2030
Saudi Arabia Eases Procurement Rules, Allowing Foreign Firms Greater Access to Government Contracts
Türkiye and Saudi Arabia Seal Two Billion Dollar Solar Energy Agreement
Saudi Crown Prince Reportedly Sends Letter to UAE Leader Over Yemen and Sudan Policies
Saudi Arabia Voices Concerns to UAE Over Sudan Conflict and Yemen Strategy
Saudi Arabia Joins Global Artificial Intelligence Alliance to Strengthen International Collaboration
Shura Island Positioned as Flagship of Saudi Arabia’s Ambitious Red Sea Tourism Drive
Saudi Arabia Rebukes Mike Huckabee Over Remarks in Tucker Carlson Interview
OpenAI CEO Sam Altman praises the rapid progress of Chinese tech companies.
Concerns Mount Over Potential Saudi Uranium Enrichment in Prospective US Nuclear Accord
Trump Directs Government to Release UFO and Alien Information
Trump Signs Global 10% Tariffs on Imports
Investability Emerges as the Defining Test of Saudi Arabia’s Next Market Phase
Saudi Arabia’s Packaging Market Accelerates as Sustainability and E-Commerce Drive Transformation
Saudi Arabia Unveils $32 Billion Push Into Theme Parks and Global Entertainment
Saudi Crude Exports to India Climb Sharply, Closing Gap With Russia
Saudi Arabia’s Halal Cosmetics Market Expands as Faith and Ethical Beauty Drive Growth
ImmunityBio Secures Saudi Partnerships to Launch Flagship Cancer Therapy
United Kingdom Denies U.S. Access to Military Base for Potential Iran Strike
Türkiye and Saudi Arabia Launch Expanded Renewable Energy Partnership
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
Mongolian Mining Family’s HK$247 Million Stanley Home Purchase Highlights Resilient Luxury Market
UK Intensifies Efforts to Secure Saudi Investment in Next-Generation Fighter Jet Programme
Saudi Arabia Tops Middle East Green Building Rankings with Record Growth in 2025
Qatar and Saudi Arabia Each Commit One Billion Dollars to President Trump’s ‘Board of Peace’ Initiative
Ramadan 2026 Prayer Times Set as Fasting Begins in Saudi Arabia and Egypt Announces Dates
Saudi Arabia Launches Ramadan 2026 Hotel Campaign to Boost Religious and Leisure Tourism
Saudi Arabia Seeks Reroute of Greece-Bound Fibre-Optic Cable Through Syria Instead of Israel
×