Haldane – just 0.5% of lockdown savings likely to be donated to charity

Andy Haldane, Chief Economist of the Bank of England and co-founder of Pro Bono Economics, has today outlined findings from new research into the savings households have amassed over the last year. Haldane has previously identified unleashing households’ huge savings windfall as the one of the keys to turbocharging the UK’s economic recovery from the pandemic. This new research from Pro Bono Economics sets out the scale of the challenge facing the charity sector as it attempts to plug the £10billion funding gap that emerged at the height of the…

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Collapse in charity provision looms at moment of greatest need

The £10 billion charity funding gap created by coronavirus is putting an “alarming proportion” of jobs and services in the firing line in the social sector. That’s according to the latest Charity Sector Tracker published today by Pro Bono Economics, in partnership with the Chartered Institute of Fundraising and the Charity Finance Group. The survey of 455 charities found that 19% have already made redundancies, and that 23% plan to make further cutbacks once the government’s furlough scheme comes to an end. That number jumps to 44% among the UK’s…

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UK Charities facing £10.1 billion funding gap over the next six months

UK charities are facing a £10.1 billion funding gap over the next six months as a result of COVID 19, with incomes expected to drop by £6.7 billion at the same time as demand for their support rises by the equivalent of £3.4 billion, according to new analysis from charity Pro Bono Economics (PBE). The analysis draws on PBE’s latest weekly charity tracker survey, covering 261 civil society organisations across the UK. Nine-in-ten (88 per cent) of those responding say they expect Covid-19 to reduce their income over the coming…

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