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Govt u-turn on charities tax cap

Controversial plans in the Budget to limit the amount of tax relief on charitable donations have been dropped after protests from charities, philanthropists and Tory MPs. It follows Treasury u-turns this week on the "pasty tax" and "caravan tax."

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Osborne: We've listened to charities

The Chancellor has explained the Government's U-turn on charitable tax relief:

"It is clear from our conversations with charities that any kind of cap could damage donations and, as I said at the Budget, that's not what we want at all. So we've listened.

"Frankly, at a time like this the Government is going to focus on the big issues like the worsening eurozone crisis and Britain's deficit, and not get distracted with unnecessary arguments.

"We're going to concentrate our efforts on what really matters: keeping Britain safe in the gathering storm."

– George Osborne
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Govt u-turn on charities tax cap

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