Still limping after shovelling shock horror but Budget shock raid on charitable donations has been reverberating.
What on earth were the Treasury thinking when they made the very sensible decision to cap tax allowances for the very rich but did not exempt gift aid and other charity donations from the cap? Whichever mandarin responsible needs to be taken out and spanked.
So that's a nice torpedo from George to his neighbour at No 10 for his Giving Summit on May 8th. Better cancel that now unless this gets sorted. I had a number of calls from members who have a strong bunch of donors who will potentially be hit.
This is not clever. Sort it government. Nick Hurd- your country needs you now.
And wouldn't it have been good if George had coupled his generosity to the top rate tax payers with a plea for them to give more?
Then we turn to the over 65s. I admit as I draw nearer to that magic age my ears prick up when I hear of changes to the tax regime ...more