Jo Henney, CEO of Nugent:
There are no fast fixes and shortcuts in today’s budget but I am encouraged that what the Chancellor has set out will result in real change for the economy and our essential services over the next five years and beyond.
I’m delighted to see acknowledgement for care workers with the increase in the Carers’ Allowance, meaning that they can keep more of their money while doing one of the most important and demanding jobs.
However, I cannot ignore the financial implications that raising employer National Insurance will cause as a charity leader; more clarity on how the third sector will navigate this rise in tax would have been appreciated.
In the immediate future, this rise in employer National Insurance will mean less money is available for core missions and initiatives within charities and could affect the essential services that we provide – making ‘need to haves’ into ‘nice to haves.’
