Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Failed: UK's ex-PM Brown says G7 COVID vaccine plan offers no solution

Published 11/06/2021, 13:59
Updated 11/06/2021, 14:00
© Reuters. FILE PHOTO: Former British Prime Minister, Gordon Brown, delivers a speech n central London, Britain May 21, 2016.  REUTERS/Neil Hall/File Photo

By Elizabeth Piper

CARBIS BAY, England (Reuters) - The Group of Seven has failed its first test, British former prime minister Gordon Brown said on Friday, describing pledges to offer poorer countries excess COVID-19 vaccine doses as more akin to "passing round the begging bowl" than a real solution.

After U.S. President Joe Biden vowed to donate 500 million shots and British Prime Minister Boris Johnson at least 100 million as part of a G7 aim to offer 1 billion doses, Brown told Reuters the rich nations needed to build "a comprehensive plan to vaccinate the world" rather than make piecemeal offers.

Mass vaccination against the novel coronavirus is seen as crucial to restoring economic growth, trade and travel, but Western nations are racing ahead of developing countries, many of which have the lowest inoculation rates and rising cases.

Brown, who was prime minister from 2007 to 2010, has been leading a push for richer countries to share more of the cost of vaccinating developing countries and to provide them with the doses needed to curb infections.

And he said leaders of the seven largest advanced economies -- the United States, Britain, Canada, France, Germany, Italy and Japan -- had more to do at this weekend's summit to reach the 11 billion doses needed.

"I am afraid they have failed the first test even before they've had a weekend of talks because it looks more like passing the begging bowl round than a comprehensive plan to vaccinate the world," Brown told Reuters in an interview.

"And if the richest countries can't get together to mount a successful plan to vaccinate the world, I don't know who will."

Health and anti-poverty campaigners said the vaccine donations lacked ambition, were too slow and showed Western leaders are not yet up to the job of tackling the worst public health crisis in a century.

Brown, who has spoken to Johnson about some issues raised at the G7 but not recently, envisages in his book "Seven Ways to Change the World" a system where the richest nations would share the near-$50 billion cost of a two-year global vaccine effort.

The United States and Europe would pay about a quarter each, Britain 5%, Japan 6%, Canada 2%, with South Korea and Australia also putting in 2% each to fund two-thirds of the pot. Russia, China and others would be asked to fund the rest.

Britain, which is hosting the G7 in a seaside village in England, has said the nations should aim to vaccinate the world by the end of next year, and that London will start sending vaccines to poorer countries in the coming weeks.

But Brown said Johnson needed to show more leadership.

© Reuters. FILE PHOTO: Former British Prime Minister, Gordon Brown, delivers a speech n central London, Britain May 21, 2016.  REUTERS/Neil Hall/File Photo

"The government has yet to recognise (that) if you're leading the G7, and you're talking about 'global Britain', and you made a promise last Sunday that you're going to vaccinate the world, you've got to deliver on it," he said.

"It's a catastrophic failure if we can't go away in the next week or two ... with a plan that actually rids the world of COVID now we've got a vaccine."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.