Oxfam warns on overseas aid schemes as post-Brexit sterling plunge hits finances
The organisation's finance director Alison Hopkinson told the Press Association that charities fundraising in sterling are seeing their purchasing power reduced in countries where local currencies are pegged to the US dollar.
"We have some choices to make. We can either reduce the number of hygiene kits or we can dig into our reserves, which are already stretched ... and that obviously puts us in a more financially precarious situation," she said.
Oxfam reported total income of £414.7 million last year, but Ms Hopkinson revealed that its purchasing power has been reduced by 10-12%... read more
- 12:21 Lichfield and Burntwood residents urged to be on their guard...
- 12:21 Yanis Varoufakis: Marx predicted our present crisis – and points...
- 12:21 RECENT NOSTALGIA: Police join youngsters for play scheme
- 12:21 Arsenal 'sacked Arsene Wenger and paid Frenchman £11m to leave at...
- 12:19 The 'Bobby phenomenon': Netflix doc looks at Robert Kennedy's...
- 12:18 Mum reunited with ambulance crew who delivered her babyu in the...
- 12:18 South Kesteven recycling drop-in sessions
- 12:16 Jazz guitarist Remi Harris to perform in Lichfield
- 12:15 Campaign highlights importance of getting hospital patients out of...
- 12:15 How Catherine Anderson's charity brings hope for Myanmar poor
- 12:15 Drivers spend 'one million years' on the road
- 12:15 Meet Cumbria's champion alpacas
- 12:15 Thatcher’s Grantham birthplace to feature in book on corner shops
- 12:15 Barrow boy's dreams came true after Liverpool star...
- 12:15 Becki inspires women to hit the high notes in their Barrow singing...
- 12:15 Man Utd boss urged to make big tactical call against Tottenham
- 12:15 Artist's sheep's eye view of the Cambrian Mountains
- 12:14 Why Roberto Firmino is benched for Liverpool’s clash with West Brom
- 12:13 Actor Tracy-Ann Oberman: how I eat
- 12:12 This is exactly when thunderstorms are set to hit Birmingham today
- 12:12 The shoe is now on the other foot for former cricketer David Paynter
- 12:11 Heartbreaking photo of daughter, 8, kissing mum just days before...
- 12:10 Feeling fruity in the garden
- 12:09 Four people hurt as bus crashes into house in Prestbury
- 12:07 The one change Aston Villa are expected to make against Ipswich...
- 12:07 Jurgen Klopp REVEALS how Liverpool can catch Manchester City...
- 12:07 Watch: Cops armed with battering ram smash through home in drugs raid
- 12:07 The staggering amount Arsenal paid to get Arsene Wenger to step down
- 12:07 West Brom team to face Liverpool revealed as Jonny Evans is named...
- 12:06 Come to the Little Love Cabaret