Navy Net - Royal Navy Community

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

News story: Banking fines to fund Armed Forces charity projects

MoD_RSS

War Hero
Ministry of Defence said:
This money comes from fines levied on banks for attempting to manipulate the London Interbank Offered Rate (LIBOR) benchmark.
The government allocated £1 million of fines revenue to the Fisher House project at Queen Elizabeth Hospital Birmingham in December 2012, alongside £1.5 million from Help for Heroes and £1.3 million from the Fisher House Foundation. Fisher House is a purpose-built 18-room facility for military patients and their families within walking distance of the Queen Elizabeth Hospital.

The Soldiers, Sailors, Airmen and Families Association (SSAFA) is one of the charities to benefit from the extra funds (library image) [Picture: Crown copyright]The following selected causes and charities will receive a share of the £1.3 million of extra funding:
• the Soldiers, Sailors, Airmen and Families Association (SSAFA) will receive £1.1 million to fund support groups for families dealing with loss or struggling to cope with an injured loved one
• the Felix Fund will receive £65,000 to provide normalisation breaks for all 32 explosive ordnance disposal teams expected to return from Afghanistan in the next 12 months - these breaks reunite the teams after their post-tour leave for 5 days and include outdoor pursuits such as rock-climbing, abseiling and caving
Tickets for Troops will receive £160,000 to provide free tickets to musical, sporting, entertainment and cultural events for distribution to Service personnel and those who have been medically discharged
Speaking at the Fisher House project in Birmingham, George Osborne said:
Our servicemen and women make huge sacrifices on behalf of our country and represent the best of British values. That’s why it is right that money received from fines banks are paying, for attempting LIBOR manipulation, will be used to provide our Armed Forces and their families with the support they need.


More...
 
Thread starter Similar threads Forum Replies Date
MoD_RSS News story: More Armed Forces charities to benefit from banking fines MoD News 0
MoD_RSS News story: Appointment of new Permanent Secretary at Defra MoD News 0
MoD_RSS News story: HMCTS legacy notification service – meeting summary 18 June 2019 MoD News 0
MoD_RSS News story: Individuals to be protected from 'devastating impact' of problem debt MoD News 0
MoD_RSS News story: Home Office set to introduce fees for Section 5 firearms licences MoD News 0
MoD_RSS News story: Her Royal Highness The Countess of Wessex, accompanied by FCO Minister, Lord (Tariq) Ahmad of Wimbledon, visits Lebanon MoD News 0
MoD_RSS News story: Ofqual response to Pearson update on A level maths breach MoD News 0
MoD_RSS News story: Head of Government Digital Service to take on new role MoD News 0
MoD_RSS News story: Treaty on voting rights signed with Luxembourg MoD News 0
MoD_RSS News story: Health and Safety Manager - MAIB, Southampton MoD News 0
MoD_RSS News story: Inspection work in progress MoD News 0
MoD_RSS News story: Chinese market access gives a multimillion pound boost for British beef MoD News 0
MoD_RSS News story: Inspection report published: Inspection of Country of Origin Information, January 2019 MoD News 0
MoD_RSS News story: Home Office allocates £35 million to police forces for violence reduction units MoD News 0
MoD_RSS News story: Climate change tops agenda at Flood and Coast Conference 2019 MoD News 0
MoD_RSS News story: Illumina’s takeover of PacBio raises competition concerns MoD News 0
MoD_RSS News story: New videos to help learner drivers improve motorcyclist awareness MoD News 0
MoD_RSS News story: Listeria cases being investigated MoD News 0
MoD_RSS News story: Tenth Economic and Financial Dialogue held between the UK and China MoD News 0
MoD_RSS News story: Restrictions to be extended on products containing plasticising chemicals MoD News 0
MoD_RSS News story: Big boost for tiny tech MoD News 0
MoD_RSS News story: Government publishes details of immigration advisory groups MoD News 0
MoD_RSS News story: RAF Typhoons scramble to intercept Russian fighters as part of Baltic Air Policing Mission MoD News 0
MoD_RSS News story: Michael Walker appointed to FSA Scientific Advisory Committee MoD News 0
MoD_RSS News story: ODP events MoD News 0
MoD_RSS News story: Progression MoD News 0
MoD_RSS News story: Response MoD News 0
MoD_RSS News story: A Brilliant Civil Service, a Brilliant ODP MoD News 0
MoD_RSS News story: A great place to work MoD News 0
MoD_RSS News story: Development MoD News 0
MoD_RSS News story: Learning and development MoD News 0
MoD_RSS News story: The Surge and Rapid Response Team (SRRT) MoD News 0
MoD_RSS News story: Effective Leaders MoD News 0
MoD_RSS News story: ODP on social media MoD News 0
MoD_RSS News story: Talent Management MoD News 0
MoD_RSS News story: Career Framework MoD News 0
MoD_RSS News story: Apprenticeships MoD News 0
MoD_RSS News story: Qualifications MoD News 0
MoD_RSS News story: About ODP MoD News 0
MoD_RSS News story: ODP rebrand launch MoD News 0
MoD_RSS News story: Community MoD News 0
MoD_RSS News story: Skilled People MoD News 0
MoD_RSS News story: Improved Outcomes MoD News 0
MoD_RSS News story: Military personnel receive over £4million in extra cash to protect them from Scottish tax hikes MoD News 0
MoD_RSS News story: New measures to support disadvantaged children in schools MoD News 0
MoD_RSS News story: New global resettlement scheme for the most vulnerable refugees announced MoD News 0
MoD_RSS News story: CMA to research Scottish legal services market MoD News 0
MoD_RSS News story: Partner with Singapore on disruptive projects: apply for funding MoD News 0
MoD_RSS News story: Five Trustees appointed to the British Library Board MoD News 0
MoD_RSS News story: DASA Download: Achieving exploitation from innovation MoD News 0
Similar threads


















































Top