Brits give to charity despite credit crunch

www.moneynews.co.uk > General finance > Brits give to charity despite credit crunch

Brits give to charity despite credit crunch

Mon 12th Jan 2009

Despite the credit crunch, people in the UK are still prepared to put their money where their mouth is when it comes to charitable causes, according to research released today.

The study, conducted by the Charitable Aid Foundation (CAF), reveals that more than half of the charity appeals launched over the Christmas period raised as much or more money than they did last year.

CAF's study included major charities such as the British Red Cross, Cancer Research UK, Christian Aid and the Salvation Army, 37 per cent of whom said that the extra money was very necessary as the global economic downturn means there is increased demand for their services.

John Low, chief executive of the CAF, said: "This shows that the UK is still one of the most generous nations in the world and many people are continuing to think of others even though they may have less money themselves."

The CAF, which itself has charitable status, was founded in 1924 and aims to help charities manage their donations more effectively.

Click here for more general finance news

Related News : General finance
	Citizens Advice welfare applauds government
	Confused.com energy defends British Gas
	Bank of Ireland passes stress test
	Tesco Mobile deal 'courts consumers'
	Scottish Widows Investment Partnership notes favourable response
	Customers should fix now, says moneysupermarket.com energy
	Confused.com highlights importance of getting the best deal
	Prices on the rise, says moneysupermarket.com energy
	Bank of Scotland economic report 'suggests transitional phase'
	Clydesdale and Yorkshire Banks security advice issued

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'