Article
Comment
Economics
Generosity
5 min read

This year’s Budget won’t define your future

Dare to be generous in a time of constraint
Rachel Reeves holds a red briefcase up.
Chancellor Rachel Reeves preps.

There’s been much speculation about what Chancellor Reeves will announce on November 26, and it seems the country is holding its collective breath, fearing the worst. As a nation we’ve been privy to the disorganised to-ing and fro-ing of our politicians for a while now (but to be fair to the current government, waffling and backtracking aren’t unique to them).  

For many weeks, the political news reporting hinted strongly at Reeves breaking her election promise and raising income tax. With less than two weeks to go, Reeves decided to scrap the idea of raising income tax, which I’m sure is a relief to many. But the fact that she was steadfastly planning to go back on her word before retreating at the last minute does little to nurture public confidence.  

So, we’re left in a fog of uncertainty and confusion, with very little good economic news to look forward to. Do I paint a bleak picture?  

The real question is, how should I respond as a Christian?  

Living in tension 

So much of the Christian faith is about holding two seemingly contradictory truths in tension. We live in the natural world with all of its limitations, but we also live in a supernatural reality (what Christians call the Kingdom of God) where naturally impossible things become possible.  

One of the tensions surrounding this Autumn Budget – and our present moment – is that despite the government clearly not being able to offer viable solutions, the public’s dependence and expectation on the government to offer such solutions seems to be increasing. The result is perpetual disappointment in our politicians.  

But this shouldn’t surprise us. Democracy’s biggest weakness is that elected politicians are incentivised to say they are making decisions for our benefit, all the while making decisions that are in their own best interest in order to stay in power, offering the public the occasional short-term win at the expense of long-term gain.  

God operates in a different way entirely. He genuinely plays the long game for humanity’s benefit. Though at times it may appear that he is slacking on his promises (i.e. why is there so much sickness and abuse in the world if he is our healer and protector?), but he holds the big picture in mind. We might ask for something and not get it, but he will give us something better because he knows what we really need. He might allow us to fall flat on our faces, but he has a bigger redemption plan waiting for us. Our earthly government does not.  

In that light, we can trust God when his arm appears to be too short, because we know that he will work all things together for our good. His character does not change and His principles aren’t sacrificed on the altar of survival. He’s seen the end from the beginning, and he is committed to his purposes and plans. Unlike our earthly government, God is able to provide above and beyond what we can ask or think. He is able to supernaturally multiply meagre resources. He is able to make a way where there seems to be no way.  

The hard part is, he does require of us to walk in trust and obedience. But this is what true freedom is.   

Dominion  

For Christians, this bleak economic environment presents a great opportunity to be encouraging personal agency and creativity. This is a time to be leaning into entrepreneurship and collaboration, a time to challenge the pervasive narrative of scarcity. In other words, it’s a great time to exercise dominion to a greater degree than we ever have before.  

Considering how badly various parts of the Church have handled this mandate throughout history, it’s understandable that the word dominion might raise a few eyebrows. I want to be clear that dominion is not another word for imperialism or colonialism or any other ‘ism’ that seeks to exercise control over people. Biblically, exercising dominion means to make all of creation flourish, to create order out of chaos, and to bring all things under the Lordship of Jesus Christ. It’s what God commanded human beings to do at the very beginning of our existence, and it’s what Jesus reaffirmed in the Great Commission.  

We do this by modelling a Kingdom way of doing things that brings about righteous results. We do this by thinking differently, by being transformed by the renewing of our minds. We do this by moving in the opposite spirit to the one that is driving the rest of the world.  

Generosity 

We cannot exercise Godly dominion without pressing into generosity. This one is hard, because as so many of us can attest to, budgets are tight, our pay checks aren’t reaching as far as they used to, and it’s incredibly tempting to give in to fear and worry that we won’t have enough. I certainly struggle with this.  

The tension is: when we believe that our God is generous beyond measure, we confidently take a step of faith to continue giving. With the complete understanding that how much we give may need to vary depending on what kind of season we’re in, the truth is that we have resources to share, monetary or otherwise.  

I want to emphasise that generosity isn’t just about giving money. It’s a much fuller picture that furthers the ministry of reconciliation. By giving of all that we have and are, including our time, our hospitality, our attention, our emotions, and our power, we are inviting people into a reconciled relationship with God and man. Our generosity should ultimately be about reflecting the profoundly generous nature of God and the way He consistently brings hope and restoration where things have been badly broken.  

Our response 

It’s crucial to remember that we cannot reflect God’s generous nature without the Holy Spirit. He is present to help us discern how to make God’s Kingdom known in this fog of uncertainty and confusion. He is with us and will lead us.  

We don’t know what’s ahead; the Autumn Budget may or may not have a significant impact on your situation. But if you’re feeling worried about how your finances are going to stretch to the end of the month, God is with you in your lack. And if you’re feeling secure in your ability to remain financially comfortable and weather the storms, God is with you in your abundance.  

Regardless of which category we find ourselves in, our best response is to hold things lightly before the Lord, knowing that everything we have is from him, and everything we have is to be stewarded for his glory.  

Ultimately, our freedom isn’t determined by government policy or the Autumn Budget. Neither is our freedom determined by how much or how little financial security we have. Our freedom is found in maintaining a posture of trust and obedience, and a heart that dares to be generous in a time of constraint. 

Stewardship UK sponsors series 8 of the Re-Enchanting podcast. Find out more. 

Article
Culture
Economics
Generosity
5 min read

Be generous: pass on values and vision, not just wealth

Millennials may not earn more—but they could steward more wisely
An illustration of a family around a table looking at graph on a laptop.
Nick Jones/Midjourney.ai.

For the first time in modern history, this present generation of 28 to 43-year-olds will not achieve a higher standard of living than their parents. This is due to factors including wage stagnation, exorbitant house prices, equally exorbitant student debt, and an unstable job market.  

Paradoxically, this same generation stands to inherit the greatest amount of wealth in history. The Financial Times estimates this to be about £8.3 trillion in the U.S., £2.7 trillion in Europe, and £2.2 trillion in Asia.  

For Christian families fortunate enough to find themselves in this situation, it’s important to consider that passing on wealth is not just a financial issue, it’s a discipleship issue. And before we delve in, I want to acknowledge that not every reader will fit the traditional family model. You might be single, part of a blended family, estranged from children, or mentoring younger people instead of raising them. The principles here still apply - ‘next generation’ simply means those you influence.  

Talk about it 

One of my soap boxes is to encourage people, especially Christians, in the UK to talk more about money and giving. This becomes especially important within families who steward a lot of wealth. If parents don’t speak to their children about their wealth – what they’re doing with it and why – they run the risk of their children 

  • feeling overwhelmed by the responsibility and potentially making poor choices,  

  • not understanding or valuing their parents' heart for good stewardship and potentially squandering the wealth, 

  • doing things their own way and potentially dishonouring their parents’ wishes, or 

  • feeling resentful that they did not inherit as much as they thought they would. 

Being intentional and speaking openly as a family about your wealth will give you as parents a chance to inculcate your children with conviction about and purpose for what God has blessed you, and them, with. And it will give your children the opportunity to share their own heart and views on how to use wealth for good, as these may differ from yours.  

There is a plethora of information out there, and plenty of professional advisors who would love to be called upon to manage your wealth transfer, but, if you are a person of Christian faith, let us challenge ourselves to look to Scripture as a first point of departure.  

David and Solomon  

King David looms large as a character in the Old Testament. One of his ambitions was to build a temple for the Lord in Jerusalem. But God explicitly told him that he didn’t want David to do the building; instead, this project was to be passed on to his son, Solomon. We know that David was a very wealthy man, and that the temple building project would require vast amounts of resources, and thus, perhaps we can consider this instance as one of the great wealth transfers of ancient times. 

There are many takeaways from this story, but here are a few that stand out to me.  

David’s desire to build a temple for the Lord comes after he’s built an extravagant palace for himself. This invites a question: how many of us might come to the end of our working lives and realise we’ve had similar priorities?  

While we don’t have a way of knowing how much Solomon’s own ideas were welcomed in the planning and preparation, I think we can assume that David spent a lot of time imparting his vision and motivation to Solomon. There’s no way this kind of philanthropic project could’ve been executed otherwise.  

While this transfer started well, it didn’t end well. Solomon went on to accumulate even more wealth than his father and ended his life in a downward spiral of excess and deception. I’m not saying there is a direct correlation between inheriting wealth and getting caught in a downward spiral, but there are many temptations and pitfalls to contend with. 

There’s something to be said for timing. While one of the scripture passages that relate this story makes it sound like the handover went smoothly, another paints a very different picture. In it we see an elderly king clinging to his position and refusing to pass his mantle to Solomon until a coup by another son forces his hand.  

What can we learn from this?  

If we want our children to use their inherited wealth wisely and generously, it’s vital that they witness their parents modelling the right priorities. If I’ve pursued the accumulation of wealth more than I’ve pursued generously sharing my resources, my children are more likely to do the same. 

If we intend to pass our legacy on to our children, we must involve them in the conversation early on. And we must be careful to allow room for their own ideas lest they grow disillusioned and disengage.  

We cannot control what our children do with the wealth we give them; we can only do our best to model the right attitude before God when it comes to our resources. The best way to do this is to teach our children that everything we have comes from God and is to be used for his purposes, not for our own material excess.  

Know when to pass on the mantle. If we hang on too long, we risk opening the door to unnecessary division and conflict within our family. It’s also worth considering transferring wealth earlier rather than later in order to be philanthropically active as a family. As in a relay race, the person being passed the baton must for a time be running at the same speed as his or her predecessor.  

The great generational transfer  

When the time comes to hand over our resources and our legacy to the next generation, there are many things to consider. We’re not just handing over our money; we’re handing over all of what we’ve learned and experienced in our walk with God. I would argue that this spiritual transfer is even more significant than any other kind. For that, we have many biblical examples we can turn to: Moses and Joshua, Elijah and Elisha, Paul and Timothy, and of course, Jesus and his Church.  

Jesus told his disciples to go and make disciples of all nations, akin to what God said to Adam and Eve way back in the beginning: Be fruitful, fill the earth and exercise good stewardship over it. Our mission has always been to steward the earth, see it flourish, and point people to a relationship with God. To do this, God has put resources into our hands to be stewarded well and faithfully passed on to the next generation. It’s imperative that we do this well if our message is to be taken seriously.  

What would it look like for your family, or the next generation you influence, to steward both resources and faith together?  

 

Stewardship UK sponsors series 8 of the Re-Enchanting podcast. Find out more.