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The Impact of an Economic Slowdown on the VCS - Keith Hickey, CFDG
This presentation explores some of the main implications that the current economic climate might have on the voluntary sector and highlights some strategic responses to deal with these. It is from a NCVO Third Sector Foresight seminar.
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Slideshow Transcript
- Slide 1:Charity Finance Directors’ Group NCVO Third Sector Foresight Seminar The Impact of an Economic Slowdown on the VCS Keith Hickey Chief Executive 22 July 2008
- Slide 2:In t r o d u c t io n • Economic background • Implications • Actions • Opportunities • Questions • Conclusions
- Slide 3:E c o n o m ic Im p lic a t io n s • Credit Crunch – bank lending and house building • Inflation – oil, utilities, transport, food • Falling Demand – M&S, John Lewis • Increased Unemployment • Current Account Deficit
- Slide 4:W a r n in g s ig n s ? • A large and increasing current account deficit similar to the early 1990s • Financial balances: although the corporate sector is in surplus, public sector and households are running large deficits • Has the UK been living beyond its means?
- Slide 5:S o lu t io n s • Reduced government & consu
