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Many wealthy families in the UK have benefited from the compensation, and today's generations continue to benefit. [7] The Centre for the Study of the Legacies of British Slave-ownership was created to research the effects of slavery on British history, including the Slave Compensation Act of 1837.
Within the political sphere, a bill demanding slavery reparations has been proposed at the national level, the "Commission to Study and Develop Reparation Proposals for African-Americans Act", which former Rep. John Conyers Jr. (D-MI) reintroduced to the United States Congress every year from 1989 until his resignation in 2017. [37]
Under the terms of the Act, the British government raised £20 million [31] to pay out for the loss of the slaves as business assets to the registered owners of the freed slaves. In 1833, £20 million amounted to 40% of the Treasury's annual income [ 32 ] or approximately 5% of British GDP at the time. [ 33 ]
The UK government previously ruled out paying reparations for slavery and Downing Street said its position included "other forms of non-financial reparatory justice too".
The issue of reparations for slavery could be included in a document due to be signed off at the Commonwealth Heads of Government Meeting this week, the UK has conceded despite opposition from the ...
The final communique signed at the Commonwealth Heads of Government Meeting acknowledged calls for a discussion on the matter.
When slaves were emancipated by Act of the British Parliament in 1834, the British government paid compensation to slave owners. The Bishop of Exeter , Henry Phillpotts , and three business colleagues acted as trustees for John Ward, 1st Earl of Dudley when he received compensation for 665 slaves. [ 86 ]
King Charles has acknowledged the “pains of the past” in an attempt to smooth over the ongoing row about reparations for Britain’s role in the slave trade.. Speaking on the first full day of ...