Spring budget 2017 signals more austerity
The key word to be taken from the Spring budget 2017 announced by Chancellor Philip Hammond yesterday remains 'austerity', with a further 3.5 billion in departmental cuts to be announced later in the year.
While the forecast for economic growth and finance was better than expected, the Chancellor clearly emphasised the need for 'fiscal responsibility' in light of Brexit.
There's little direct reference to charities, but here are some of the key announcements in the Budget that have an impact on the voluntary and community sector:
£300 million to local authorities in England for discretionary relief for individual hard cases in their local area. Local authorities will be able to use this discretionary relief for charities as well.
An additional £2 billion was announced for councils over the next three years to help them manage the costs of social care - just shor of the annual sum (£1.5bn) recommended by Communities and Local Government Committee. He also announced an upcoming green paper on social care which will seek a longerterm plan for making adult social care funding stable and sustainable.
- £325 million was also announced for finalised Sustainability and Transformation Plans (STPs). Read the joint response from the six South East London Healthwatch to the Our Healthier South East London STP here
For a full briefing on the implications for charities read the NCVO blog post, A chancellor holding his breath