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LIBOR: Fines

Question for HM Treasury

UIN 12826, tabled on 21 October 2015

To ask Mr Chancellor of the Exchequer, what funding to air ambulance services he has provided from Libor fines.

Answered on

9 November 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.


Each bid for charitable funding from Libor fines is considered on its individual merits and with a clear intention that awards should benefit the widest range of military charities and good causes across the whole of the United Kingdom.


Awards of Libor funds are usually made at the Autumn Statement or the Budget.

Answered by

Treasury