Government's mid-term review confirms armed forces charities will receive £35m from fines on banks

Document launched yesterday by the Prime Minister, David Cameron, and the Deputy Prime Minister, Nick Clegg, also reiterates plans on payroll giving and Gift Aid

Nick Clegg [left] and David Cameron
Nick Clegg [left] and David Cameron

The government’s mid-term review, which details plans for the second half of the coalition administration, has confirmed that it will give £35m raised in fines on banks to armed forces charities and reaffirms its commitment to a number of other measures to support charities.

The document, released yesterday by the Prime Minister, David Cameron, and the Deputy Prime Minister, Nick Clegg, said that armed forces charities will receive money from fines levied by the Financial Services Authority, including those for manipulating the Libor rate, which governs the interest rate of a number of different financial products. This pledge was first made in October.

In a page-long section entitled "Social action and the big society", the document sets out previously announced plans to introduce online Gift Aid claims in April and to expand payroll giving. It also says that a previously announced consultation on payroll giving will be published "shortly".

The document also reiterates commitments to train and recruit 5,000 community organisers, distribute the remaining £7.5m of the £10m Innovation in Giving fund and expand ATM giving.

It says the government has supported 13 social impact bonds to finance early intervention in stubborn social problems.

"This government believes that the good society is one that is built from the bottom up, not the top down," it says. "The process of helping to build it – of putting something back in to society as well as taking something out – matters as much as the practical result.

"It is not the grand plans of politicians and bureaucrats that will ultimately deliver social progress and build social capital, but the ingenuity, innovation and entrepreneurial spirit of the British people – the big society.

"That is why we have offered support to all those who want to improve their communities and their local services."

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