The UK rich are poorer, but still giving, although bypassing foundations

Giving in the UK in general may have fallen as a result of the recession and millionaires may be less wealthy than they were (the Sunday Times Rich List 2009 reported a 37 per cent fall in the collective wealth of the 1,000 richest people based in the UK, while the Centre for Economics and Business Research noted a halving in the number of UK-based millionaires and a decline of 24 per cent in the wealth of the average UK millionaire since 2007), but the 2007/08 Coutts Million Pound Donors Report suggests that the very wealthy are still giving to charity.

Next News to read

Mixed views on social investment from Good Deals 2009 conference

Alliance magazine