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Speech in Commons Chamber - Tue 09 Oct 2018
Government Overseas Aid Commitment: Private Investment

"I hope that the hon. Lady will welcome the announcement that was made at the UN General Assembly and that I reiterated in my speech today. For the first time, we have a tool that allows us to see how companies are graded against the delivery of the global goals—to …..."
Penny Mordaunt - View Speech

View all Penny Mordaunt (Con - Portsmouth North) contributions to the debate on: Government Overseas Aid Commitment: Private Investment

Speech in Commons Chamber - Tue 09 Oct 2018
Government Overseas Aid Commitment: Private Investment

"I absolutely agree. The more we can help others to lean in and assist with job creation, the more we can do on areas that only we can deal with, particularly health and humanitarian matters...."
Penny Mordaunt - View Speech

View all Penny Mordaunt (Con - Portsmouth North) contributions to the debate on: Government Overseas Aid Commitment: Private Investment

Speech in Commons Chamber - Tue 09 Oct 2018
Government Overseas Aid Commitment: Private Investment

"As I mentioned, CDC has a long history. It has been around for 70 years, and over that time it has done many things. One of my right hon. Friends, a former Secretary of State, got CDC to change how it focused its investments. It is focused now on the …..."
Penny Mordaunt - View Speech

View all Penny Mordaunt (Con - Portsmouth North) contributions to the debate on: Government Overseas Aid Commitment: Private Investment

Speech in Commons Chamber - Tue 09 Oct 2018
Government Overseas Aid Commitment: Private Investment

"I set a new, higher spending bar for the Department, because in addition to spending money well, we have a duty to ensure that it could not be spent better. That means ensuring that we are doing the right thing within the development world and doing the best we can …..."
Penny Mordaunt - View Speech

View all Penny Mordaunt (Con - Portsmouth North) contributions to the debate on: Government Overseas Aid Commitment: Private Investment

Speech in Commons Chamber - Tue 09 Oct 2018
Government Overseas Aid Commitment: Private Investment

"I thank the hon. Lady for her understanding of the issue of how we account for ODA. I can reassure her: this is the Government who introduced the 0.7%, and I have been an aid worker and believe in aid spending. I think that if we do not spend money …..."
Penny Mordaunt - View Speech

View all Penny Mordaunt (Con - Portsmouth North) contributions to the debate on: Government Overseas Aid Commitment: Private Investment

Speech in Commons Chamber - Tue 09 Oct 2018
Government Overseas Aid Commitment: Private Investment

"My hon. Friend is absolutely right. I think that only one in five high-net-worth individuals invests in ethical businesses, and businesses that will help us to deliver the global goals. We must do more if we are to deliver those goals, and we want to explore how we can help …..."
Penny Mordaunt - View Speech

View all Penny Mordaunt (Con - Portsmouth North) contributions to the debate on: Government Overseas Aid Commitment: Private Investment

Speech in Commons Chamber - Tue 09 Oct 2018
Government Overseas Aid Commitment: Private Investment

"Let me reiterate that it is this Government who introduced the 0.7%. [Interruption.] We introduced it, and we have kept it. I am sure that Opposition Members have not read the speech that I made today—if they had, they would know that the thrust of it was about levering more …..."
Penny Mordaunt - View Speech

View all Penny Mordaunt (Con - Portsmouth North) contributions to the debate on: Government Overseas Aid Commitment: Private Investment

Speech in Commons Chamber - Tue 09 Oct 2018
Government Overseas Aid Commitment: Private Investment

"I agree with my hon. Friend and stand ready to receive other advice from the Opposition Benches about how we might close the £2.5 trillion funding gap—the shadow Home Secretary is not allowed to help with the maths. If we can deliver that through private investment, we can deliver the …..."
Penny Mordaunt - View Speech

View all Penny Mordaunt (Con - Portsmouth North) contributions to the debate on: Government Overseas Aid Commitment: Private Investment

Speech in Commons Chamber - Tue 09 Oct 2018
Government Overseas Aid Commitment: Private Investment

"Absolutely, and businesses are very interested in this agenda. They are interested in seeing how they can embed the global goals into their company reporting; there is huge demand for that, and for advice and support to enable them to do that. The possibilities are truly incredible, and we should …..."
Penny Mordaunt - View Speech

View all Penny Mordaunt (Con - Portsmouth North) contributions to the debate on: Government Overseas Aid Commitment: Private Investment

Speech in Commons Chamber - Tue 09 Oct 2018
Government Overseas Aid Commitment: Private Investment

"I will circulate my speech to hon. Members.

Hon. Members must understand that ODA, the 0.7%, cannot be private funds; it can only be public funds—whether money Governments have put in or returns potentially from those funds in those publicly owned investment vehicles. The hon. Gentleman accuses me of playing …..."

Penny Mordaunt - View Speech

View all Penny Mordaunt (Con - Portsmouth North) contributions to the debate on: Government Overseas Aid Commitment: Private Investment