Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to his Department's announcement in 2012 on the proceeds from LIBOR fines to be used to support charities and related good causes, how much the Government has collected in such fines since 2012; and how much of that money has been provided to charities and related good causes.
Since 2012, the Financial Conduct Authority (FCA) has transferred £973 million of LIBOR fines to the Treasury, of which £723 million has been committed to Armed Forces and Emergency Service charities and other related good causes. A further £200 million has been committed towards supporting Apprenticeships.