Martin Lewis calls for bailout for charities at risk of collapse due to Covid

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MoneySavingExpert founder says government help is needed as some charity sectors face ‘existential risk’

Martin Lewis, the MoneySavingExpert founder who is giving away more than £10m of his fortune, has warned that many charities are at risk of collapse as a result of Covid-19 and has called for an urgent government bailout.

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The financial adviser has funded a study into the sector, which faces, according to some estimates, a £10bn black hole in its balance sheet as charity shops remain shut and fundraising events continue to be cancelled.

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