Fund launched to support small British charities
A multi-million pound fund has been launched to give a boost to small British charities providing support to the developing world. UK Aid Direct, which was launched by the Department for International Development (DFID), will operate for five years and will offer grants totalling £30 million in its first year of operation. The fund will help to make the most of small charities’ assets, such as the ability to build close relationships with local contacts and develop specialist expertise. DFID has taken additional steps to help smaller charities, including a series of roadshows about making the most of funding and a new online ‘funding finder’ tool.
European Court rules in favour of capping card fees
The European Court of Justice (ECJ) has ruled in favour of capping card processing fees for UK retailers. The fees, which are known as interchange fees, currently cost UK business £1 billion a year. The retail industry has been campaigning for around ten years for the fees to be made more competitive. According to the British Retail Consortium (BRC), urgent action is required to implement the caps, as the UK is lagging behind other European countries which already have caps in place.