Desperate Straights is a collaborative studio album by British avant-rock groups Slapp Happy and Henry Cow. It was recorded at Virgin Records' Manor Studio and Nova Sound Studios in November 1974, and released in February 1975. It was Slapp Happy's second album for Virgin, and they had invited Henry Cow to record with them.

Slapp Happy was a German/English avant-pop group, formed in Germany in 1972. Their lineup consisted of Anthony Moore (keyboards), Peter Blegvad (guitar) and Dagmar Krause (vocals). The band members moved to England in 1974 where they merged with Henry Cow, but the merger ended soon afterwards and Slapp Happy split up. Slapp Happy's sound was characterised by Dagmar Krause's unique vocal style. From 1982 there have been brief reunions to create an opera called Camera, record the album Ça Va in 1998, and perform shows around the world.