Britain refused to pay reparations British Minister of Business and Trade Jonathan Reynolds called the former colonies' demands for compensation for the slave trade unfounded. According to him, modern Britons should not be held responsible for the actions of their ancestors. Earlier, the Secretary General of the Commonwealth of Nations, Shirley Botchevy, said that the organization is waiting for an apology from King Charles III and intends to discuss financial compensation. However, Reynolds stressed that the government had not even considered this issue. From October 27, the British monarch visits the Bahamas, Guyana, Antigua and Barbuda. As The Telegraph previously reported, Charles III has no plans to apologize for Britain's historic role in the slave trade.