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Virus-hit charities 'need substantial support' https://www.bbc.co.uk/news/uk-politics-52113853
The crisis faced by charities now is more serious than after the 2008 financial crisis, when it got a £40m bailout, he added – noting that the sector today is bigger and more involved in delivering public services. Mr Wilding told the Digital, Culture, Media and Sport Committee he estimated charities would lose around £4bn of a predicted £12.5bn income in the next financial quarter due to a loss of trading income.
The crisis faced by charities now is more serious than after the 2008 financial crisis, when it got a £40m bailout, he added – noting that the sector today is bigger and more involved in delivering public services. Mr Wilding told the Digital, Culture, Media and Sport Committee he estimated charities would lose around £4bn of a predicted £12.5bn income in the next financial quarter due to a loss of trading income.
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