Spending Review- Overall Spending Envelope will grow by 1.5% by real terms, capital spending by 1.7%.

Funding announced for schools, breakfast clubs, FE. And £1 billion increase in funding for SEND. #AutumnBudget

Real-terms public service funding growth of 1.5% per year after 2025/26 isn't particularly generous. That will leave some services with uncomfortably tight budgets. A short-term cash injection, with a promise of belt-tightening in future? I think I've heard that one before...

£2m for Holocaust education, including for Holocaust education trust/ #AutumnBudget

Confirm move to target PSNFL - but only £15.7bn of headroom in final year. Much lower than expected

Chancellor confirms new fiscal rule, which will measure 'net financial debt' - must be falling over 3yr timeframe. OBR says govt has £15.7bn headroom against that target.

£22.6bn increase in day to day health budget, and £3.1bn increase in capital budget.

Small cut to funding for Charity Commission for 2024/25, followed by increase in 2025/26. CharityFinanceGroup

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

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.

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

The chancellor’s autumn budget statement will seriously impact the charity and voluntary sector. We're urging chancellor Rachel Reeves to protect charities from increased employer National Insurance Contributions. Add your name to our letter to the chancellor today. 👇👇

Democrats join 2024’s graveyard of incumbents on.ft.com/40CntgS | opinion

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

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-rejec…

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=NwuRgs…

A great light has gone out. He leaves us a profound legacy, and I pray now rests well in the peace of Christ.

.📣 Chris Giles 👉 “there was a 16 per cent drop in services exports to the EU in sectors where Brexit imposed new trade frictions “