The benefits scandal Kwasi Kwarteng should tackle next
From our UK edition
I was at an end-of-summer party for the Centre for Social Justice last night, with some politicians and others interested in the welfare-to-work agenda. The reaction to the budget was mixed. The various donors there were stunned to have been given the biggest tax cut of their lives – the biggest since Nigel Lawson cut the top rate of income tax from 60 to 40 per cent. These are philanthropists, by and large, highly likely to give a chunk of their tax cut to causes they support. That's why Kwarteng's budget will have gone down very well amongst the charity fundraisers who depend on such people. The Charities Aid Foundation once calculated that 9 per cent of the UK population contributes 66 per cent of donations, a group they call the 'Civic Core'.