To ask Mr Chancellor of the Exchequer, what amount of money has accrued to the Exchequer in bank fines in each of the last two years; and how much such money has been allocated to charities in each of the last two years for which figures are available.
11 June 2015
In the last two financial years HM Treasury has received £1.3bn in LIBOR and FX banks fines. All LIBOR penalties received in this time period have been allocated to military or other uniformed charities. All foreign exchange penalties received in this time period have been allocated to create a fund for advanced care in GP practices and community healthcare facilities.