23 November 2016
Responding to the Chancellor’s Autumn Statement, John Low, Chief Executive of the Charities Aid Foundation, said:
“By allocating money to charities supporting the armed forces, emergency charities and heritage projects and giving Comic Relief a role in helping to distribute proceeds of the tampon tax, the Chancellor has acknowledged the great positive contribution charities make in these important areas. With the process for distributing this money and Libor fines now made more open and transparent we hope to see greater numbers of charities and causes being able to benefit from this funding in the future.
“The Chancellor today confirmed that growth in the economy over the next five years is expected to be smaller than previously forecast.
“We know that during uncertain times charities are increasingly relied upon to support those in most need. In recent years charities have experienced rising demand for their services while resources have been increasingly stretched.
“Charities have a big role to play in building a better society and a fairer economy and it will be vital that government embraces their expertise and influence in shaping some of the new policies announced today.”