TOO MANY CHARITY SHOPS NOW?

Many high street charity shops should be closed as they cost the Government more in tax breaks than they make in profits.

This is the conclusion being drawn from a True and Fair Foundation study of the UKs 10,500 charity shops which showed that many were less profitable than high street retailers, which didn’t have the advantages of an 80% reduction in business rates, donated goods to sell and volunteer staff. The Foundation campaigns for more efficiency in the charity sector and points out that £1.6 billion in tax breaks to charity shops only results in profits of £290 million, or just 18% of the value of the concessions, without the free goods and free staffing.

According to the Foundation: “There simply are not enough sales or customers to justify 10,500 charity shops in the UK”

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