LIBOR: Fines
(asked on 4th March 2015) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent progress has been made on the allocation of Libor fines.
This question was answered on 10th March 2015
At the Autumn Statement the Chancellor announced the allocation of a further £100m of LIBOR fines directly to military charities and good causes. This included £5m for the Gurkhas, £10m for veterans with hearing problems and £1m for the Great Western Air Ambulance. This Government is committed to allocating all LIBOR fines received to date within the life of this Parliament. A further update will be provided at the Budget.