cash raised from fines on banks is being given to a charity linked to Batley & Spen MP Jo Cox, who was killed in her constituency, George Osborne has announced.
The Royal Voluntary Service (RVS), one of the largest volunteer organisations in the country, will receive £375,000 from the Libor rate fixing scandal penalties pot, George Osborne said. It was one of three organisations backed by a memorial fund set up in the wake of the fatal attack on the Labour MP in June.
The award is one of a number made from the £14m set aside from banking fines that Mr Osborne has handed out to charities in what are likely to be his remaining few hours as Chancellor.
Mr Osborne said: “It is right that funding from those in the banking industry who demonstrated the worst of values goes towards people who display the very best of British values.
“Jo Cox dedicated her life to bringing people together and making a difference.
“She was an inspiration to people across the world.”