U.K. Charity Direct Debit Cancellations Highest Ever in August

The cancellation cycle for 2010/11 (up to and including March ’11) closely followed the pre-recession pattern of cancellations and was far removed from the sky-high pattern seen at the height of the recession in 2008/09. During the second half of 2009, cancellation rates had already dropped dramatically from their recessionary high, and the figures for 2010/11 showed that cancellation rates continued on this downward trend throughout the rest of 2010 and into 2011. The first quarter of 2011, started on trend, showed a slightly higher than expected peak for February but fell again in March to a positive low rate heading into quarter two.