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Written question asked by John Glen (Conservative) on Wednesday, 4 March 2015, in the House of Commons. It was due for an answer on Tuesday, 10 March 2015 (named day). It was answered by Danny Alexander (Liberal Democrat) on Tuesday, 10 March 2015 on behalf of the Treasury.


LIBOR: Fines

Question

To ask Mr Chancellor of the Exchequer, what recent progress has been made on the allocation of Libor fines.

Answer

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.


Secondary information

Type
Written question
Reference
907978
Session
2014-15
Question not reached
Yes
Subjects
Fines LIBOR
Link
View this Written question on www.parliament.uk