The ‘cost of living crisis’ refers to the rapid inflation of core essential goods and services that constitute a sizable proportion of household budgets in the UK. Its impact will be especially severe among low-income households who tend to rely on social grants. These households are likely to experience greater debt and poverty. The government is scrambling to limit the fallout. The cost of living crisis has afflicted the UK since late 2021 but has recently gained more media attention as its consequences become evident.
This article focuses on the likely consequences of this crisis for charities and social enterprises. It also suggests six sets of tactics that organisations might use to survive this crisis, become more resilient and increase their impact.