Charity begins at home
The announcement that donations to Oxfam have suffered a fall of around 12% this year is bad news for the charity sector but in many ways inevitable. As the UK recession continues to bite, more and more of the UK population are taking on the philosophy that "Charity begins at home". However, a significant reduction in charitable donations will have a knock-on effect to many local communities as the work carried out by the likes of Oxfam, and the thousands of other charities in the UK, will be severely curtailed.
For many years now there has been a general criticism of the UK government, with various tax breaks and funding initiatives withdrawn over time. However, in the boom times there were plentiful charitable donations from the UK public but now that the recession has hit home and more and more people are on the verge of financial oblivion, charitable donations have all but dried up. When you consider the likes of Oxfam, perhaps one of the best-known charities in the UK, is struggling it does not bode well for the future of other charities in the UK.
Unfortunately, it appears inevitable that we will see a consolidation of the UK charity sector at a time when the UK population needs their assistance more than ever.
Share this..
Related stories
Is the UK government supporting the economy?
Today's revelation that UK government finances were far worse than expected in October has forced many analysts and researchers back to the drawing board. City experts had been expecting a £7.1 billion deficit in government finances for October but the figure came in at £11.4 billion. This would suggest that not only are public services and debt financing causing more heartache for the governmen...
Read MoreEducation fees could rise to £10,000 a year
The UK government will this week receive a report on the UK university fees system which is likely to recommend loosening the current cap of £3,290 on tuition fees and allowing universities to charge anywhere up to £10,000. There will also be a recommendation that universities themselves are allowed to keep all of the annual income which tuition fees provide and those who go above the £10,000 p...
Read MoreBank Of England Under Pressure To Extend Liquidity Scheme
As the money markets ground to a halt earlier this year, the Bank of England was forced to step in with a £50 billion asset swap scheme designed to get the money market wheels moving again. Despite this initially being suggested as a short term strategy only due to last a couple of months, the pressure on the Bank of England is growing to extend the scheme.
However there is some c...
EDF energy to cut prices by just 1.6%
28/01/2015 EDF energy has announced that it will be cutting its gas prices from the 11th February, joining the other “Big Six” energy firms in the UK. EDF will cut gas prices by 1.3%, a move which they said will benefit one million customers. The price cuts come after a fall in wholesale gas and oil prices, as slowing economic growth dented demand. EDF has now said that if there are any...
Read MoreIs the US financial sector in meltdown?
The ongoing rumours about the imminent nationalisation of Citigroup and Bank of America have caused serious concern in the US stock market. This concern has transferred over to the UK where investors have been selling property, mining stocks and banks over the last few days. It would appear that the US government is on the verge of nationalising Citigroup and Bank of America which will have a majo...
Read More