Brown urged to act on lost cash

Petition calls on prime minister to recover lost funds

More than 4,000 people have signed a petition calling on Prime Minister Gordon Brown to "do everything in his power" to recover charitable funds lost in the failed Icelandic bank Kaupthing Singer & Friedlander.

The online petition was started by Tory parliamentary candidate Steve Brine.The Winchester & Chandler's Ford constituency for which he is standing includes Naomi House, a children's hospice with £5.7m deposited with the collapsed bank.

Yesterday an action group of 27 charities with a total of £50m in frozen funds secured a place on the bank's creditors' committee.

He said the Government had failed to follow up its pledges to support charities affected by the collapse. "The money tied up in this mess has a vital role in ensuring this service can continue," he said.

Last month, shadow children, schools and families minister Maria Miller urged Chancellor Alistair Darling to "make good those assertions made early on" that charities that invested in the bank would not be left to fend for themselves.

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