How will the Autumn statement affect Lewisham's VCS?
Chancellor Philip Hammond gave his first Autumn Statement on 24 November, and in it announced growth in the years up to 2020-21 would be lower than previously predicted.
NAVCA, the membership body for VAL and other Councils for Voluntary Service, outlines below how the main announcements of the first budget will directly affect charities:
- Banking fines - a further £102m will be committed over the next 4 years to support Armed Forces and Emergency Services charities
- Tampon Tax Fund - £3m will go to Comic Relief to distribute to a range of women's charities
- Gift Aid Small Donations Scheme - will be amended to make it more accessible and flexible
- Gift Aid Digital - will simplify the process for donors making digital donations
Mayor Steve Bullock, in his blog post on the Statement on 23 November outlined the positives and negatives, putting the benefits of London receiving £3.15 billion as its share of national affordable housing funding to deliver over 90,000 homes and relaxed restrictions on the government grant to allow a wider range of housing types on the 'good' list.
He points to the lack of money for the NHS and no mention of adult social care as negatives of the budget, and notes that although the reduction in the Universal Credit taper is cut by two per cent, 'other welfare changes are untouched and will hit some families hard.'
For the response from the wider charity sector, click here