December 15, 2013 at 12:57 pm
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.
By: Creaking Door - 15th December 2013 at 15:51
But that was before the Autumn Statement.
By: charliehunt - 15th December 2013 at 15:42
http://news.sky.com/story/1161331/forces-charities-get-millions-from-bank-fines
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.
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?
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
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?
By: TonyT - 15th December 2013 at 13:44
It says 12 mil to military ones, the rest to others.