October Budget 2018 and the Voluntary Sector31-Oct-2018
Charities have recognised the small number of announcements to support people and families facing hardships created by the current financial climate and welfare reform, but pointed out the measures do not go far enough.
On Monday 29th October 2018, Chancellor of the Exchequer, Philip Hammond, delivered the latest Budget. This included key funding announcements for State Allowances, the NHS and Local Government as well as a small number of targeted announcements for charities.
Amongst the regular announcements within the budget, there was a proposal to increase the individual donation limit through Gift Aid Small Donations Scheme, and the upper limit for charities that carry out any trading without paying tax is to be extended.
The Chancellor also announced there will be an additional £10m of funding for air ambulances and £15m to charities and others to distribute surplus food.
£8m in funding towards the cost of repairs and alterations was announced for village halls and facilities run by miners’ welfare and armed forces organisations, as well as £10m to support veterans with mental health needs. The announcement was in tribute to centenary of the end of the First World War.
Amongst the other announcements, £1.7m was being given to a charity to provide educational projects in schools; this was in memory of 75th anniversary of the liberation of the Bergen-Belsen concentration camps.
According to the article from VONNE, one of the supporting bodies for Voluntary, Community and Social Enterprise
Sector “..recognised the small number of announcements to support people and families facing hardships created by austerity and welfare reform but stated that these measures do not go far enough.”
To Read the full article, please click here.
The NCVO have published a response talking about the VAT Threshold, the Apprenticeship Levy and Social Care, this can be read here.
ACEVO CEO, Vicky Browning responded and talks about the role of charities in the budget. You can read the full blog post here.
The Charity Finance Group talks about the announcements on charity tax and some additional funding for local government social
care and children’s services. To read the full article, please click here.