Today news
About the same in other media
Britain’s top earners giving less to charity while incomes rise
Reading now: 284
Britain’s highest earners have been donating less to charity despite soaring incomes, according to a probe of tax records that found society’s wealthiest are getting richer but meaner.
Charities have missed out on more than £2bn as a result of a widening “generosity gap” as the nation’s top 1% of earners reduced their average declared giving by a fifth in real terms from 2012 to 2019. Over the same period donations from the rest of the population rose.
Approximately 344,000 highest earners who received more than £175,000 before tax accounted for 17% of the UK’s pre-tax income, including capital gains, over that period but made just 6% of all charitable donations.
Charities are facing a fresh fundraising crisis sparked by the new Covid wave
Read more on theguardian.comAbout this in other media
Watch live: WHO gives COVID update amid Omicron concern euronews.com /2 years ago
Bank veteran Bob Wigley on 100-hour weeks: ‘I didn’t go home for two years. I worked non-stop’ fnlondon.com /2 years ago
‘Goalposts must stop moving’: plea for stability in UK’s green homes drive theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
