Libor fines from banks allocated to military charities

The latest tranche of money gathered from UK banks in Libor fines has been allocated to 24 military charities.

The £12m instalment will be used to fund projects including housing and mental health support schemes for military veterans.

It means a total of £35m has now been distributed to 96 charities from fines imposed on the banking industry for rigging the benchmark interest rate.

Ben Moore reports.