VINCE CABLE has added his voice to the growing criticism of the government’s plans to introduce a cap on charitable giving.
Cable said that while he saw the importance of preventing tax avoidance, a balance needed to be struck between clamping down and “encouraging” charitable donation.
He also said he was “sympathetic” with universities’ concerns that funding for research and scholarships could be hit.
A spokesman for the business secretary said that Cable – who also administers higher education – was discussing the potential impact with the universities.
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