«This Coalition Government will be the first British government in history, and the first major country in the world, to honour the United Nations» commitment on international aid... Overseas development will reach 0.7 per
cent of national income in 2013.»
We expect public sector net debt to hit the government's ceiling of 40 per
cent of national income in 2009 - 10 and to rise to 41.2 per cent by 2012 - 13.
Not exact matches
NDP commitments include a two point cut
in the small business tax rate (already implemented by the Conservatives); extension
of the accelerated capital cost allowance for two years (already implemented by the Conservatives (but with a different phase
in); an innovation tax credit for machinery used
in research and development; an additional one
cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; and, increasing ODA funding to 0.7 per
cent of Gross
National Income (GNI).
NDP promises include a two point cut
in the small business tax rate (already implemented
in the budget by the Conservatives); extension
of the accelerated capital cost allowance for two years (also already implemented by the Conservatives); an innovation tax credit for machinery used
in research and development; an additional one
cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; increasing ODA funding to 0.7 per
cent of Gross
National Income (GNI); and restoring the 6 % annual escalator to the Canada Health Transfer.
Close to one -
in - five Canadians (17 %) believe that Canada spends more than the UN target
of 0.7 per
cent of gross
national income on overseas development assistance.
While
in 1970, 25 per
cent of income generally went for rent, today, according to National Low - Income Housing Coalition reports, that percentage for many renters, especially the poor, has do
income generally went for rent, today, according to
National Low -
Income Housing Coalition reports, that percentage for many renters, especially the poor, has do
Income Housing Coalition reports, that percentage for many renters, especially the poor, has doubled.
Currently, Australia invests 0.37 %
of our
national income in overseas aid, or just 37
cents of every $ 100.
The City
of Manchester is the third most deprived local authority area
in England, with 20 per
cent of residents claiming
income support - twice the
national average.
The top 0.1 per
cent of households have increased their share
of national income from 2 per
cent in 1980 to almost 10 per
cent today.
The working class now receives a smaller share
of national income —
in the ten years to 1976 wages accounted for 60 %, but
in the ten years to 2006 this had fallen to 54 per
cent.
The last Conservative manifesto contained a commitment not just to spend 0.7 per
cent of national income on overseas aid, but also to «legislate
in the first session
of a new Parliament to lock
in this level
of spending for every year from 2013.»
And while the US increased its aid budget by 14 per
cent, it remains one
of the lowest donors, contributing just 0.19 per
cent of its gross
national income, compared to 0.33 per
cent in the UK and 0.38 per
cent in France.
Among the party's other policies: a # 50bn a year cut
in spending, a 31 per
cent flat rate
of income tax, the abolition
of national insurance, a five - year freeze on new immigrants settling
in Britain, a ban on wearing the burka
in public - and
in some private — buildings, and boot camps for young offenders.
Under Labour's plans 95 per
cent of taxpayers will be guaranteed no increase
in their
income tax contributions and everyone will be protected from any increase
in personal
National Insurance Contributions and VAT.
Mr Osborne announced an increase
in the threshold before workers start paying
income tax to # 8,105, financial support for first - time home buyers, a two per
cent cut to corporation tax this year, a tax on private jets, a clampdown on non-doms, the introduction
of # 140 flat - rate state pension, a review into a merger
of national insurance and
income tax and a fair fuel stabiliser, including a 1p cut on fuel duty.
In the coming Budget, we will become the first G8 country to realise the historic promise to spend 0.7 per
cent of national income on aid.
In 1997, when Labour came to power, people were left with 34.5 per
cent of their gross
income after taxes,
national insurance, mortgage or rent.
In a policy described as «hard - headed - but not hard - hearted», the Tories reiterated their commitment to spending 0.7 per
cent of national income on international development, meeting the target set by the United Nations.
In the summer a
National Audit Office (NAO) report showed money was being wasted because civil servants were struggling to hit the legal requirement
of spending 0.7 per
cent of the nation's
income on overseas aid.
In this respect, Britain is again falling behind other Western countries, with healthcare expenditure averaging only 6.9 per
cent of the
national income between 1980 and 2013.
In the third quarter
of 2017, the
national household debt - to - disposable
income ratio reached a record 171 per
cent.
Petra Hedorfer, chief executive, German
National Tourist Board, sees the latest results as further proof
of the increasing attractiveness
of Germany as a holiday destination: «According to the IPK,
in the last two years (2013 and 2014) the leisure travel market from Europe and overseas have each grown more than seven per
cent - more than the entire
incoming tourism for each
of those years.
Petra Hedorfer, chief executive
of the German
National Tourist Board, explained: «Both
in the first half
of the year and
in the summer season, the
incoming has clearly once more gained dynamic momentum: from January to September 2016 the increase
in international overnights remained high at 1.6 per
cent, but we will generate twice as much growth this year.
The Australian Council for International Development (ACFID), the peak body for Australia's aid groups, has published a detailed analysis, saying Australia's aid contribution as a share
of gross
national income in 2017 - 18 will be 0.22 per
cent, «once again plunging aid to new all - time low levels
of generosity» and failing to match - up to the reality
of global challenges, like climate change, food crises and the insecurity faced by displaced people.