Osborne concedes cap would have damaged charities

Chancellor George Osborne has conceded that the proposed plans to cap tax relief on charitable donations would have damaged charities.

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Govt u-turn on charities tax cap

Controversial plans in the Budget to limit the amount of tax relief on charitable donations have been dropped after protests from charities, philanthropists and Tory MPs. It follows Treasury u-turns this week on the "pasty tax" and "caravan tax."