Charities under pressure after public-sector spending cuts
Dame Suzi Leather has today spoken out on behalf of UK charities which are set to struggle in the short to medium term with donations well down and the UK government set to cut back on budget spending. A number of major charities have already been forced to merge or scale down their operations since the credit crunch and traditional donations have actually fallen through the floor up leaving many charities on the verge of financial ruin.
While the Conservative party will put charities at the centre of its "big society" pledge it is unlikely that there will be any additional funding for the charitable sector in the short to medium term. This has also prompted a number of poverty campaigners to speak out on behalf of low-income families who are struggling to make ends meet in the current environment.
The charity sector in the UK has grown significantly over the last 20 or 30 years and it has to be said that a number of government initiatives have assisted with this. However, as the recession continues to bite and more and more people are struggling to make ends meet, charitable donations appear to be the last thing on the minds of many in the UK.
Share this..
Related stories
Has The UK Economy Unhooked From The US Economy?
As the US economy started to show signs of strain towards the end of 2007 there were many economies and stock markets around the world which fell in sympathy – the famous US / UK relationship seemed to be very much intact. However, while the US economy is still falling there are signs that the UK may be ‘unhooking’ from the US and could actually suffer to a greater degree.
...
Court trials could be hit by striking barristers
News that barristers throughout the UK have rejected a move to fix their payments to £91 an hour has put the UK on the brink of a serious problem. While the Ministry of Justice claims that no trials have been hit by the breakdown in talks, the Criminal Bar Association is suggesting that a number of high profile cases have already been hit, with more to follow unless the dispute is resolved.
Read More
Has the FSA gone too far regarding bank stress tests?
As we covered in one of our earlier articles, the Financial Services Authority (FSA) has issued a new set of guidelines regarding bank stress tests which will effectively force each and every financial institution in the UK to identify its own potential weaknesses. This is a rather bizarre way in which to protect the UK economy because all the regulators are doing is highlighting weak companies an...
Read MoreIs The UK Now Suffering From Migrants Returning Home?
Over the last few years the subject of migrants flocking to the UK from the likes of Poland has been at the centre of much controversy and debate. When the UK economy was going well there were complaints that many of these new visitors to the UK were taking much needed employment and causing problems for the domestic work force. However, after a period of sustained growth for the UK economy it s...
Read MoreRDR – Concerns over Advice Gap
There are increasing concerns over the effect the Retail Distribution Review (RDR) will have on mid-market clients seeking financial advice, as many believe they will be simply priced out of the market. There are two points to be considered when looking at mid-market clients; their value to Independent Financial Advisors (IFA’s), and their willingness to pay upfront fees for financial advice....
Read More