The Daily Express has published an article today which claims that “billions of pounds is funnelled abroad with little accountability”. This is simply wrong.
...stage, as we look to secure new trade deals. Intensifying our efforts as a global leader in international development is a crucial part of securing Britain’s place in the world,...
When we convert foreign currency into sterling it generates gains or losses, this is exactly the same for any organisation. Managing the impact of exchange rate changes is part of the normal responsibilities of government.
All government departments operate performance-related pay – this is a normal part of ensuring that civil servants are incentivised to perform well and deliver value for the taxpayer.