# CFDG finds Pre-Budget Report "disappointing"

- Link: https://fundraising.co.uk/2003/12/10/cfdg-finds-prebudget-report-quotdisappointingquot/
- Published: 2003-12-10T00:00:00+00:00
- Author: Howard Lake

The Charity Finance Directors’ Group (CFDG) has expressed disappointment at the 
Pre-Budget Report.
Responding to the Chancellor’s annual analysis of the economy,
CFDG said that the Chancellor had missed the opportunity to address major problems
which impede the charitable sector, and in particular, irrecoverable VAT.

The Chancellor’s announcement included good news for sports clubs, but little else
for charities, added CFDG.

Francis Ingham, CFDG’s Policy and Campaigns Manager said: “The Chancellor’s report
contained warm words, but little new action for charities. This is particularly 
surprising given the Government’s other activities to support charities – the current
infrastructure consultation being just one example.

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The Government has good intentions for the charitable sector, but this was a wasted
opportunity to show that the financial problems which impede charities – irrecoverable
VAT for example – are going to be addressed.”

 * **[Changes to "eligible body" for VAT exemption for cultural organisations](https://fundraising.co.uk/2003/12/11/changes-quoteligible-bodyquot-vat-exemption-cultural-organisations/)**(
   11 December 2003)
 * **[Co-op Bank's Community Directplus makes first donations](https://fundraising.co.uk/2003/12/18/coop-bank039s-community-directplus-makes-first-donations/)**(
   18 December 2003)
 * **[New name for CAF's Common Investment Funds](https://fundraising.co.uk/2003/12/31/new-name-caf039s-common-investment-funds/)**(
   31 December 2003)