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Britain’s top earners giving less to charity while incomes rise
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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.
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