Bank fines to be allocated to good causes supporting the Armed forces community and other charitable bodies and organisations.
The Prime Minister and the Chancellor have today announced that fines levied by
The fines, which amount to approximately £100 million, will be used to support a range of charities and good causes and builds on the significant sums already provided to support the Armed Forces Covenant, Armed Forces charities and other activities such as the Youth United Network.
The Prime Minister and the Chancellor made the announcement as they visited a
Some of the charities and good causes which will be supported by this latest allocation include: The Royal Marine s charity appeal, which will receive a £1m donation in its 350th year,
With today s further allocation of bank fines to the military good causes, the government will be allocating over £300 million received from the fines paid by banks to support the Armed Forces Covenant and wider organisations and charitable bodies.
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