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Rate cuts “could hit charities”

The interest rates reduction to their lowest levels for more than 300 years could hit charities which rely on investment income, Guide Dogs warned recently.

Chief Executive Bridget Warr said: "Guide Dogs is appealing to people to plan their charity donations and give regularly through the Gift Aid scheme, which currently enables us to claim an extra 28 per cent bonus from the taxman on charitable donations.
We are committed to maintaining services to our clients and will be ensuring that rigorous financial management will help us to do that.

Guide Dogs is fortunate in being a cornerstone of British society but we have concerns that smaller and less well known charities are clearly going to experience significant challenges in the current climate.

For us, regular donations are crucial because we have a lifetime commitment to guide dog owners, we need to be able to plan for the future with confidence.

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