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Charities face ‘imminent collapse’ because of coronavirus lockdown NewsColony The UK charity sector is facing ‘imminent collapse’ with £4billion in losses due to the coronavirus . Social distancing measures have shut charity shops and cancelled sponsored events – including the London Marathon – meaning ‘income has literally stopped overnight’, according to sector bosses.  The National Council for Voluntary Organisations (NCVO) chiefs said the impact of coronavirus will be 100 times worse than the 2008 financial crisis. Many charities can’t cut costs as they are vital services – such as hospices – meaning their predicted £12.5billion income will take a massive hit, ITV News reports. St John Ambulance could go bust in August, its chief executive admitted (stock image) The council’s chair Karl Wilding told a Government select committee today: ‘Charities are facing a real crunch, with more pressure on the services they offer at the same time as losing out on fu...