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Charities

impact of the budget on charities

Good and bad news for charities in the Budget

The voluntary sector has been struggling for some years with increasing costs, reduced funding and rising demand for its services. The Budget contains a complex cocktail of measures that have the potential to affect charities’ finances and viability both positively and negatively. Our detailed review of the Budget and its impact on business can be found here. Positives Local government

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crisis in local government funding

The crisis in local government funding and the ripple effect on charities and businesses

Current financial pressures In a letter to Chancellor Jeremy Hunt ahead of the March 2024 budget, the Local Government Association (LGA) said that councils were facing significant shortfalls because of cost and demand pressures: “Our analysis shows that by 2024/25 cost and demand pressures will have added £15bn (28.6%) to the cost of delivering council services since 2021/22. Despite increased

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