A ‘straightjacket’ Budget: Pay, Tax Avoidance, Welfare and Assets

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March 11, 2016 at 09:01

Next week the Chancellor has to stand up and deliver his 8th Budget and it promises to be an interesting affair. If the last Spending Review saw the Chancellor play Father Christmas, this time the Chancellor may need to tap into his Dickensian side and summon up his inner Scrooge. My colleague, Anjelica Finnegan, has laid out in detail the issues concerning charities. But what hints do the economics data give us for what the Chancellor may do next Wednesday?

What’s in local government’s Christmas stocking?

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December 17, 2015 at 16:56

It’s Christmas and the Secretary of State for Communities and Local Government has unveiled the government’s provisional Local Government Finance Settlement for 2016-17. The Local Government Finance Settlement is effectively a ‘Local Government Budget’ for the year and its provisional nature means it is open for consultation. Overall, this year’s stocking was filled with a combination of lumps of coals and a couple of potentially tasty oranges (ho, ho, ho). Here are the headlines that charities need to know.

What do charities need to know about the Spending Review?

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November 25, 2015 at 17:06

This Spending Review was full of surprises. As you may have seen from our live blog, we did not expect that the chancellor would have the wiggle room to avoid front-loading cuts early on the in the Parliament. Osborne made a number of positive announcements, and  many charities will be leaving the office today with a sense of relief. 

LIVE BLOG: #SR2015

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November 25, 2015 at 11:06

On Wednesday the Chancellor, George Osborne, will deliver his joint 5 year Spending Review and Autumn Statement in what is being referred to as, Super Wednesday, here at CFG. The announcements, far from being ‘super’, are set to spell out continued difficult times ahead for the charity sector.

What’s the risk? Implications of the summer budget for housing associations

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July 22, 2015 at 11:00

The CFG team have recently been thinking about risk – risks in supply chains, cyber security risks and so on – and it is risk that forms the focus of this month’s Economic Outlook Briefing which will be published on 28th July. In the publication, my colleague Andrew O’Brien highlights that charities are particularly affected by government policy. Reading his article got me thinking about two particular policies introduced in the Summer Budget delivered by the Chancellor earlier this month: the extension of Right to Buy (RtB) to housing association properties and the reduction in social housing rents. Housing associations […]

We can’t ignore the charity sector’s financial situation

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July 13, 2015 at 15:34

Our sector has had a few days to recover from the decisions outlined in the Chancellor’s Budget last week. Although charities were not the focus, the decisions taken within it are going to have a big impact on our operating environment for the coming five years. Often we talk about the issues facing the sector in isolation; however, this is not how charities will experience them. It seems likely that over the next few years three things are going to put considerable pressure on already fragile financial situation: 1)    More cuts in government income, both grants and contracts 2)    Increasing […]

Welfare and employment dominate the Budget: What does this mean for charities?

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July 8, 2015 at 14:59

So we didn’t do that well with our bingo card – only ‘long term economic plan’, ‘£9 minimum wage target’, ‘fixing the roof whilst the sun is shining’ and the name dropping of a charity came up. Whilst the budget report does not have a section dedicated to the charity sector, there are a number of measures announced that will have an impact on charity finance which I will outline here. Keep an eye out for our briefing which will be posted on our website in due course. Profile of the cuts £17 billion of cuts were announced in today’s […]

#volsecbudget 2015 – CFG Live Blog

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July 8, 2015 at 09:12

09/07/2015 – 19:16 – AF This afternoon I attended the IFS post-budget briefing. Given the scale of the changes introduced it covered a lot of ground in a relatively short amount of time so will I provide a more detailed update later. But for now, I am going to briefly summarise the key issues that I think are relevant to charity finance. I do also recommend that you take a look at the materials available on their website. The opening remarks made by director of the IFS, Paul Johnson, neatly provides the IFS’s over-arching narrative: that it is hard to see […]

What can charities expect from Wednesday’s Budget? #VolSecBudget

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July 6, 2015 at 17:37

It seems like only yesterday that we were getting ready for the last Budget, but this Wednesday the Chancellor will deliver the first Conservative Government Budget for nearly 20 years and charities will be watching with interest. If the spending pattern follows that of the previous Parliament, we may well see a frontloading of cuts into this Budget as Osborne seeks to make significant changes early on. Whilst charities will not directly be a focus, there is still plenty to look out for in terms of impact on people that rely on charity services and the sector’s funding environment. You […]

The real picture – what can we learn from the Whole of Government Accounts 2013-14?

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March 30, 2015 at 17:17

Are you a government spending anorak? If so, I am sure that like me you spent all night reading through the Whole of Government Accounts (WGA) 2013-14 which was published last Thursday. WGA consolidates the audited accounts of around 5,500 organisations across the public sector, to produce a comprehensive, accounts based picture of the financial position of the UK public sector. They are different from the National Accounts, because they use the International Financial Reporting Standards that charities and private sector bodies often use. So the WGA includes future spending to meet current obligations, PFI liabilities, pension liabilities and the […]