Chancellor says no ring-fencing for voluntary sector
The government should not ring-fence funding for the voluntary sector because doing so would hinder its ability to pay off the budget deficit, according to the Chancellor George Osborne.
During a question-and-answer session at an event hosted by the learning disability charity Norwood, Osborne was asked whether he thought there was a case for the government to ring-fence its funding for charities.
"We've tried to protect the voluntary sector, but I don't think you can ring-fence it," he said. "You can't ring-fence everything because you'll never eliminate the deficit if you do."
Osborne said he hoped charities would be able to increase their non-statutory income.
Source: Third Sector News