Work on finance and charities, also interested in politics & philosophy. Views my own. Who else's would they be?
London
Joined December 2011
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Richard Sagar retweeted
Seeing so many people be shocked by this tweet is a good reminder of how little basic knowledge people have about the AI safety situation
Richard Sagar retweeted
Charities are at the ❤️ of our communities across 🇬🇧
At Downing Street last week @Steph_Peacock & I heard directly from civil society leaders about how we can continue to work in partnership with the sector to understand the pressures they face.
Richard Sagar retweeted
.📣 @ChrisGiles_
👉 “there was a 16 per cent drop in services exports to the EU in sectors where Brexit imposed new trade frictions “
Richard Sagar retweeted
Alasdair MacIntyre. RIP to a great moral philosopher, tireless intellect, dangerous wit & restless heart. Reading him changed my life (led to a dissertation & 1st book). Here's an old video I made on him:
youtube.com/watch?v=NwuRgs4V…
Richard Sagar retweeted
A great light has gone out. He leaves us a profound legacy, and I pray now rests well in the peace of Christ.
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Richard Sagar retweeted
MPs have voted to reject amendments tabled in the House of Lords which would have exempted small charities from upcoming the rise in employer national insurance contributions (NICs). civilsociety.co.uk/news/mps-…
Richard Sagar retweeted
The Charity Investment Governance Principles (CIGP) is now live. The CIGP supports best practices in decision-making around charity investments and has been developed by charities and investor experts for trustees and charity leaders. Take a look loom.ly/qU76UkQ
Richard Sagar retweeted
Democrats join 2024’s graveyard of incumbents on.ft.com/40CntgS | opinion
Richard Sagar retweeted
The chancellor’s autumn budget statement will seriously impact the charity and voluntary sector.
We're urging chancellor @RachelReevesMP to protect charities from increased employer National Insurance Contributions.
Add your name to our letter to the chancellor today. 👇👇
Richard Sagar retweeted
Higher NICs will be felt be people - mostly workers
It will reduce work & increase the tax penalty on employment - that is now worse, meaning more moves to self-employment
Since we link pension incentives to employer NICs, that incentive also goes up
Richard Sagar retweeted
How £26bn becomes £16bn. The net effect of employer NI increase is much less than appears because it results in lower pay and hence lower income tax and employee NI.
In fact knock off another £6bn for compensating public sector employers and the net effect falls to just £10bn.
Richard Sagar retweeted
So - one of my new roles at the FT is leading a new monetary policy service (launching soon)
This is our assessment of the UK Budget
In Red Book Gov commits to implement 'charity compliance measures' legislating to prevent abuse of charity tax rules by 2026. Claims it will save £35m by 2026/27. No details provided on what they are, so hard to evaluate. We would hope HMRC will provide further details and soon.
To confirm HMRC have published the following in response to a consultation they ran during the Spring of 2023 which CFG responded to. Charities tax compliance - summary of responses - GOV.UK Relatively modest changes, but worth being aware. We await consultation
Small cut to funding for Charity Commission for 2024/25, followed by increase in 2025/26. @CFGtweets
Richard Sagar retweeted
Confirm move to target PSNFL - but only £15.7bn of headroom in final year. Much lower than expected
