Chair Emily Thornberry has responded to today’s Spending Review. “At a time when Britain is back on the world stage, and has never been more needed as a force for good, it is very concerning that the FCDO appears to be suffering the harshest real-terms cuts. 🧵

In Guardian today, more than 80 charity leaders and campaigners have written to Keir Starmer urging him to attend #FfD4 and back global South calls on debt solutions. Govs have until 10am NY time today to make final objections to the text, before plenary discussion tomorrow.

“The UK cannot build real partnerships with the global south while blocking the reforms those countries are calling for. The government has a choice: stand in solidarity with countries facing crises, or cling to outdated power structures that extract more than they give.” #FFD

The Catholic Church and 30+ leading economists call for immediate action on the debt crisis. This new report offers a path for progress. With a fairer debt system, countries can invest in their economies. 🌍 ipdcolumbia.org/publication/ju… #Jubilee2025 Joseph E. Stiglitz

Very Interesting Stiglitz report on debt jubilee being discussed at Vatican: - Reflecting on slashing of aid budgets now diverted to military. - calling for new debt jubilee reflecting pandemic debts and subsequent hike in rates - calling for changes to UK law re vulture funds

Great to be at v special Socialist Societies meeting at no. 10 this week representing LCID - much enthusiasm & solidarity from fellow societies re: keeping alive The Labour Party values of proud internationalism and our remarkable legacy on international development in wake of ODA cuts

Tomorrow is UN #FFD4 summit, we joined 20+ orgs in London to say #CancelDebtChooseHope 54 countries in debt crisis but rich countries are BLOCKING solutions. No one should have to play Jenga with their economy - choosing between public services or debt payments. #SystemChangeNow

As #FFD4Sevilla begins, it's clear that the current economic system is broken. The UK Government can and must do more to fix it. More from our Lead Economist Maria Finnerty and Public Policy Manager Pablo Soriano Mena who are attending. cafod.org.uk/news/media/pre…

Great 🧵 summarising #FFD4Sevilla

🚨BREAKING Multiple British Overseas Territories just missed their deadline to expose the £billions being stashed away in secret offshore accounts by super rich tax dodgers, corporates, and criminals. This is the third such deadline they’ve missed. 1/4 theguardian.com/business/2025/…

Every year $129 billion is hidden in offshore accounts within UK jurisdictions. In 2019, British Overseas Territories, including the British Virgin Islands, and the Cayman Islands, agreed to shine a light on the dirty money and dodgy dealings— by publishing public registers. 2/4

But six years on from these commitments only Montserrat and Gibraltar have delivered. The UK Gov has the legal authority to ensure public registers are introduced but they keep letting deadlines pass. Whilst they dither and delay, we’re being robbed. 4/4 taxjustice.eaction.org.uk/iP_tax-havensM…

The promise that private finance would turn “billions to trillions” was enthusiastically promoted a decade ago, yet largely failed to materialise." theguardian.com/commentisfree/…

“The keenness of the UK and others to focus on private sector‑oriented solutions looks like better news for the City than developing nations.” The Guardian The Labour Party #FFD4Sevilla theguardian.com/commentisfree/…

Some good, some bad. Our Lead Economist Maria Finnerty talks through the news of what's happening at the Financing for Development conference. #Ffd4

#FFD4 Closing. Domestic Resource Mobilisation: - Fair & inclusive tax cooperation - Tax the rich - Tax Justice on revenue & expenditure CESR - cesr.bsky.social Tax Justice Network Africa Tax Justice Network Bsky: @taxjustice.net @Oxfa

The party opposite had 7 sets of fiscal rules in 14 years. They kept cutting, kept driving down growth, and kept missing their deficit targets. The way to get the debt burden down is to invest in economic growth.

Great analysis of Rachel Reeves The Labour Party 's new financial services strategy and its failure to strengthen the sector's contribution to the real economy, instead treating the financial sector as an end in itself. Strong piece from Jesse Griffiths Finance Innovation Lab

🧵 South Sudan is one of the world’s poorest countries. Nearly 70% of its population requires urgent humanitarian assistance. The UK High Court ordered them to pay $657 million dollars in debt servicing to a for-profit bank. gtreview.com/news/africa/cr…

South Sudan is now facing a $1bn lawsuit from another profitable lender – this time a wealthy fossil fuel bank. The UK Government has the power to stop predatory lenders from suing impoverished states with a Debt Justice Law. The Labour Party Rachel Reeves