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Injured soldiers and armed forces families will benefit from bankers who have shown the "worst of values", says the Chancellor.
Millions of pounds of fines imposed on Lloyds Banking Group for manipulating lending rates will go to military good causes. The Prime Minister, along with the Chancellor George Osborne, made the announcement on a visit to a Royal Marines base in Poole, Dorset. "Lloyds bank have been fined £100m for manipulating the market," Mr Osborne said. "That is a terrible thing to have done but I'm making sure the money is being put to good use. "It's going to help soldiers returning with injuries, to make sure they get long-term care; it's going to help families while their loved ones are away in the military.
"In other words, people who have demonstrated the worse of values in the City are going to be supporting those who've demonstrated the very best of British values in the Armed Forces.".....Read more here
Previous Blog:Lloyds fined £218m over Libor rigging scandal read HERE
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