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Autumn Statement: £100m of Libor fines to go to military charities

Around £100 million of the money the government has gathered from Libor fines from a number of UK banks is to go to military charities.

The chancellor said he would also look to give money to extend the work of ambulance and police services.

The move has been announced in chancellor George Osborne's Autumn Statement, in which he announced upward revisions in OBR forecasts and said the government would reach a surplus by 2018.


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