Qualified advisers answering your
Financial Questions
call 0800 092 1245

Comic Relief has its work cut out this year

While Comic Relief has become something of a national treasure, raising hundreds of millions of pounds for worthy causes, there are concerns that tonight's event could be overshadowed by the depressed economic situation in the UK and around the world. Historically the event has managed to avoid being affected by economic uncertainty in the country but after the recent falls it seems inevitable it will be more difficult to raise substantial funds this year.

The issue with Comic Relief has highlighted the problems which charities across the UK are currently experiencing with donations in many cases disappearing overnight. It has also brought into question the falling commitment from the UK government which has been reducing charitable donations and charitable tax arrangements for some time. At a time when the government is literally pouring billions upon billions of pounds into the banking sector it seems rather perverse that many charities around the UK are literally trying to survive on "breadcrumbs". If the UK authorities were unwilling to increase funding prior to the ongoing recession there is little chance of charitable donations from the taxpayer's pool increasing in the short term.

There are serious concerns that we could see some charities effectively "go to the wall" before the UK economy turns upwards again.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details