Commonwealth cronyism scandal deepens after UK pulls millions in funding

  • 📰 smh
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 80%

Australia Headlines News

Australia Latest News,Australia Headlines

A crisis over the future of the Commonwealth and its top official has deepened, with the United Kingdom refusing to hand over £4.7 million ($9 million) to the Commonwealth Secretariat.

A crisis over the future of the Commonwealth and its top official has deepened after the organisation's biggest contributor followed Australia and pulled its funding.

The Technical Cooperation fund is one of the three major funds used to support the Commonwealth Secretariat. This is the same fund Australia has cut its funding from.The triple funding blow threatens the Commonwealth's effectiveness and could force Baroness Scotland out of the job earlier than expected.

Canada suspended its own voluntary contributions to the Technical Cooperation Fund during a dispute over human rights in 2014 and a spokesperson said it had "no current plans to reinstate it"."The decision to appoint or re-appoint Commonwealth secretaries-general belongs to the 54 Commonwealth heads of government," said the spokesperson for Global Affairs Canada.

The usual tendering rules were waived and a £90,000 contract was granted, followed by another worth £162,000 plus tax.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK man convicted of plot to attack London tourist sitesA man has been convicted of plotting a vehicle and weapons attack on London tourist sites, just over a year after he was cleared of attacking police with a sword outside Buckingham Palace. 9News It seems the only way to stop this type of incident is to keep the offenders locked away indefinitely.
Source: 9NewsAUS - 🏆 10. / 72 Read more »

From Singapore to UK via the Alps: How one man spread the deadly coronavirus to at least 11 peopleHow did a British man manage to pass on the coronavirus to at least 11 other people in several cities across Europe without ever setting foot in China? very carefully Just goes to show that closing borders and restricting travel doesn’t work. SBS are really trying to say 'Don't blame China'
Source: SBSNews - 🏆 3. / 89 Read more »

Four psychiatrists sue a patient for defamation in 'sham' lawsuit and taxpayers foot billNepotism, defamation claims and millions of taxpayer dollars spent on indefensible legal proceedings are at the centre of a scandal at Queensland's largest hospital service. Mediation always better than court, but I’ve still observed corruption that leads to some using courts to harass and bully. NotThePlace
Source: abcnews - 🏆 5. / 83 Read more »

CBA half year profit totals $4.4b | Sky News AustraliaThe Commonwealth Bank has reported better than expected half yearly earnings.\n\nCash profits came in at $4.4 billion, slightly above consensus but down 4.3 per cent year on year.\n\nCBA says its margins continue to be squeezed by low interest rates and the bank is also expecting drought, bushfires and the coronavirus to weigh on sentiment and GDP in the next six months.\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »

CBA's falling profit and CSL's gains highlight differing fortunes of banks and biotechTwo of Australia's largest companies have revealed diverging fortunes, with the Commonwealth Bank's cash profit falling, while biotech giant CSL has reported another six months of strong growth.
Source: abcnews - 🏆 5. / 83 Read more »

'Seeping poison': Low interest rates put the bite on banks, insurersThe results of the Commonwealth Bank and IAG illustrate how the era of ultra-low cash rates is putting pressure on banks' and insurance companies' profitability.
Source: smh - 🏆 6. / 80 Read more »