During 2008 and 2009 the UK experienced the longest post-war recession on record with six consecutive quarters of contraction. This most immediately and visibly impacted upon the private sector. But subsequent reductions in public spending amidst a period of low growth have increasingly impacted upon the public and voluntary sectors. At the beginning of 2010, 59% of charities reported that they were affected by the recession. During each quarter of 2011, the majority of voluntary sector leaders surveyed reported that the financial situation of their organisation had worsened over the previous 12 months.
via What impact did the recession have upon the voluntary sector? | NCVO UK Civil Society Almanac.
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