What foreign aid is being cut, how much was being spent, and what happens next?

News Snapshot:

Sir Keir Starmer has announced that the government will cut aid spending to pay for a boost to defence. So what impact could this have on the various countries and bodies that receive aid? Firstly, how much is aid being cut by? Around £6bn per year will be taken out of the aid budget and transferred over to pay for defence. That amounts to a reduction in aid spending from 0.5% of GDP - a measure of the size of the UK economy - to 0.3%. Previously, the UK was mandated by law to spend 0.7% of GDP on aid....