Recession fatigue

According to the National Institute of Economic and Social Research, and despite many economists’ predictions, the UK economy did not grow in the third quarter of 2009 so we have not yet seen the signal that officially ends the UK recession. The third quarter gross domestic product figures (to be released on 23 October) will show no change from July to September. As for ‘green shoots’, the Halifax recently report that UK house prices did rise for the third consecutive month in September, the first quarterly increase for two years, but this type of news is regularly countered with daily reports of gloom, just see the BBC’s UK jobs tracker to catch up on the day’s job losses.

Our trade press is full of articles on the impact of the recession on charities and there is a significant bank of voluntary sector research; just type ‘credit crunch’, ‘economic downturn’ or ‘recession’ into the search box on our home page to access some of the reports.

In February this year, at the Institute of Fundraising’s Conference Fundraising in an Economic Downturn, THINK launched a free, confidential interactive online diagnostic tool called Fundraising HealthCheck. Since then the site has had over 4,000 visits from 64 countries around the world. The feedback we’ve received tells us that the HealthCheck is simple to use and provides relevant, up-to-date analysis coupled with practical advice and guidance. Users simply plug in net income and/or investment figures and the HealthCheck provides a prognosis against individual income streams, risk and portfolio mix based on past experience, current trends and observations.

Lots of people who have used the HealthCheck keep in touch and share details of their results and experiences. As well as being really interesting, this enables us to identify emerging trends and ensure that the HealthCheck is kept up-to-date. It was thoroughly refreshed in July.

If you have something to say, just get in touch.

Categories: Charities, Recession

Resource Type: Blog

Posted by Beccy Murrell

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