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Monday, 18 March 2013

Libor fines to fund armed forces charities

Three military charities are to share £1.3m from fines imposed on banks that had rigged interest rates, Chancellor George Osborne has announced.

The three charities support injured soldiers, provide tickets to events and pay for breaks for bomb disposal teams.  Click on the above link  for the full story.

The three charities set to benefit from Saturday's announcement are:
  • The Soldiers, Sailors, Airmen and Families Association will get £1.1m to fund support groups for families of service personnel who have been killed or injured
  • The Felix Fund will get £65,000 to provide breaks for all 32 bomb disposal teams expected to return from Afghanistan in the next 12 months
  • Tickets for Troops will get £160,000 to provide tickets to musical, sporting, entertainment and cultural events for service personnel and those who have been medically discharged

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