Government Defends Tax Relief Caps on Charities

The video discusses the role of philanthropy in funding medical research and the impact of tax incentives on charitable giving. It highlights how donations from wealthy individuals, like those from Richard Ross Rose Trees Fund, support high-risk projects with long-term benefits. The video also covers recent changes in tax policy that cap tax relief on charitable donations, sparking criticism from political leaders and cultural sectors. Critics argue that the policy could discourage large-scale philanthropy and negatively affect charities reliant on significant donations.

In what way does the speaker describe the experience of giving money away?

What concerns do critics have regarding the chancellor's policy on philanthropy?