The charity sector could see a £2bn drop in income, at a time when more people will be turning to the sector, according to new analysis.
Pro Bono Economics (PBE) has conducted a full analysis of how the policies announced by the chancellor yesterday will affect the sector.
The analysis says there is expected to be a nearly £5bn shortfall in charity income, when compared with 2019 forecasts.
Inflation reaching 8.7% will directly impact charities’ finances, PBE says. For example a £20 donation in 2021 will be worth £17.60 in 2024.