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Martin Lewis calls for bailout for charities at risk of collapse due to Covid

MoneySavingExpert founder says government help is needed as some charity sectors face ‘existential risk’

Martin Lewis, the MoneySavingExpert founder who is giving away more than £10m of his fortune, has warned that many charities are at risk of collapse as a result of Covid-19 and has called for an urgent government bailout.

The financial adviser has funded a study into the sector, which faces, according to some estimates, a £10bn black hole in its balance sheet as charity shops remain shut and fundraising events continue to be cancelled.

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from The Guardian https://ift.tt/2NLrGLP
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