Three more years for current Gift Aid level

Today's Budget contains good news for churches and charities: the current level of Gift Aid will be maintained for another three years. The Chancellor promised, charities will still be able to reclaim 28 pence for every pound donated until 2011, rather than the level dropping to 25 pence in line with the falling income tax rate, announced in last year’s Budget. He estimated this would reduce the losses that charities would incur by £300m.