Campaign group One, founded by U2 frontman, is calling for a reorganisation of aid spending

A development campaign group founded by Bono has accused the UK government of wasting a large chunk of its international aid budget and called for spending on overseas assistance to be cut by £1.6bn.

In a report that echoes criticisms by some Conservative MPs, the U2 singer’s One campaign said there was too much spending on projects that failed to reduce poverty.