TaxCorporate TaxBUDGET IN DEPTH: NI hike to cost charities £50m plus

BUDGET IN DEPTH: NI hike to cost charities £50m plus

The Charity Finance Directors' Group has expressed disappointment thatthe chancellor chose to increase national insurance from April next year, claiming the 1% increase will cost the sector at least £50m.

The group said the rise will have an effect on charitable work ranging fromhospice care, to education and care of the elderly. CFDG hopes, however, thatthe chancellor will find a way in the next year to relieve charities of thisextra burden.

Les Jones, CFDG vice chairman, said: ‘This increase will have a directeffect on much charitable work and I very much hope Gordon Brown will lookat ways that the charity sector can be relieved of even more pressure on itscosts and services.’

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