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£135million Bank Fines Given to Military Charities

This seems to have slipped-by unnoticed here:

http://www.bbc.co.uk/news/uk-25386779

A total of £135million of fines against the banks found guilty in the LIBOR inter-bank lending rate-fixing scandal has been given (or promised) by the government to military charities.

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By: Creaking Door - 15th December 2013 at 15:51

But that was before the Autumn Statement.

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By: Creaking Door - 15th December 2013 at 15:05

I am still not sure of the exact distribution:

http://www.bbc.co.uk/news/business-25237844

The government has said £100m of money gathered from UK banks in Libor fines will go to military charities and the work of ambulance and police services.

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By: Creaking Door - 15th December 2013 at 14:58

I don’t think the full £100million announced during the Autumn Statement will be allocated to military charities alone (so my thread title is incorrect) but maybe a further £12million of it will?

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By: Lincoln 7 - 15th December 2013 at 14:43

I also read it that way Warren. Nice to see, and knowing those Banks don’t get away with murder every time.
Jim.
Lincoln .7

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By: Creaking Door - 15th December 2013 at 14:35

That wasn’t how I read it:

A total of £35m has now been distributed to armed forces charities.

£35million already distributed with more to come?

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By: TonyT - 15th December 2013 at 13:44

It says 12 mil to military ones, the rest to others.

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