The Budget this year included no mention of Libor banking fines being given to charities for the first time since 2013.
This method of gifting money to charities has come under fire in the last couple of years over the apparent lack of an application process, leading to concerns about how exactly the money was handed out. In the last year, the Treasury seems to have tightened up its processes, and they announced the opening of an application process for Libor funding ahead of November’s Autumn Statement. They also committed a further £102m of banking fines over the next four years to support "Armed Forces and Emergency Services charities and other related good causes".
It appears that a number of issues were put on hold until later in the year when the Brexit negotiations are clearer but this budget still affects charities and their employees.
For more information please contact your usual Blick Rothenberg contact, or Mark Hart on +44 (0)20 7544 8805 or at firstname.lastname@example.org