FINANCE: Money matters

Chancellor Gordon Brown was on hand last week to help officially launch the Charity Bank at a reception at 11 Downing Street. The Financial Services Authority-authorised bank will accept deposits from individuals, charities and businesses in order to provide affordable loans to charities and social enterprises. Among those present at the launch was John Bird, founder of the Big Issue, and Malcolm Hayday, chief executive of the Charity Bank. The bank has launched a special prime account for charities that want to invest in "low cost, high-impact ways."

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