Labour’s Shadow Minister for the Cabinet Office responds to the Government’s launch of Big Society Capital:
"Charities need all the support they can get. This announcement is welcome, but it is too little, far too late.
"The Government should not over claim at a time when over 70,000 jobs in the sector have been lost in the last year alone and too many charities are cutting back on the support they provide to individuals and communities as a result of the Tory-led Government's cuts that go too far, too fast."
More top news
An explorer in the Seychelles was chased down by a wild animal after disturbing a mating session... in potentially the slowest chase ever.
As if proving they can stand the heat, David Cameron, George Osborne and Nick Clegg all headed to the kitchen today.
The winds will remain strong tonight and in the north showers will continue, which may turn wintry over high ground.