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Court rejects claim that £550m National Fund should be used for charitable aims

The Court of Appeal judge upheld a High Court ruling from last year that said the funds should be used to reduce the UK national debt, which stands at more than £2.5tn ....

United Kingdom , Stephen Bubb , Daniel Burton , Gaspard Farrer , Danny Kruger , Community Recovery Fund , National Debt Commissioners , National Fund , Zedra Fiduciary Services , High Court , Attorney General , Radcliffe Chambers , Charities Act , Sir Stephen Bubb , Lord Dalziel ,

Gov't Wins Transfer Of £600M Depression-Era UK Debt Fund

A judge approved on Friday the government's plans to exhaust a £600 million ($814 million) charitable fund from 1928 on Britain's national debt instead of other causes, despite the "minuscule" effect it will have on the country's borrowings. ....

United Kingdom , Antony Zacaroli , National Fund , National Debt Commissioners , Stock High Court , Christopher Crosby , High Court Judge Antony Zacaroli , Attorney General ,