LIBOR: Fines

(asked on 12th December 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 12 December 2016 to Question 56592, on LIBOR: fines, how much the Government has collected in fines in each year since 2012; and how much of those fines has been provided to charities and related good causes in each year since 2012.


Answered by
David Gauke Portrait
David Gauke
This question was answered on 15th December 2016

1. The following table outlines the LIBOR receipts and commitments to Armed Forces and Emergency Services Charities and other related good causes since 2012:

Financial Year

Receipts (£m)

Commitments (£m)1

12/13

307

462

13/14

119

14/15

36

15/16

511

145

16/17

-

3162

Total

973

923

  1. The figures above refer to grants committed, vice paid, as many grants are multi-year.
  2. This includes £200m committed by the former Prime Minister for Apprenticeships.

Reticulating Splines