Veterans' accommodation to receive £20 million funding

Earlier this year the Treasury made a further £40 million of LIBOR money – funding from fines imposed on banks – available for charities to bid for to support projects providing accommodation for Armed Forces Veterans. Five of the projects receiving funding today will... More information. If you are using a MOBILE DEVICE please use this link

LIBOR fines fund a further 16 military good causes

Sixteen military good causes are sharing almost £2.5 million in the latest allocation of the fines levied on banks for attempting to manipulate the London Interbank Offered Rate (LIBOR) benchmark. This latest... More information. If you are using a MOBILE DEVICE please use this link

Defence Secretary issues Statement to Personnel on Spending Round 2013

The Defence Secretary and the Chief of the Defence Staff have issued statements following Chancellor George Osborne’s announcement on the Spending Round 2013. Philip Hammond said:  "The savings that I have agreed will have... More information. If you are using a MOBILE DEVICE please use this link

Chancellor:"We are not going to reduce the number of our sailors, soldiers and airmen"

The Chancellor, George Osborne will announce on Wednesday £11.5bn worth of cuts in the latest spending review. But he revealed on Sunday that in agreement with the Defence Secretary, Philip Hammond, he would make "no reduction... More information. If you are using a MOBILE DEVICE please use this link

RAF Families Federation receives £235,000 share of bank fines

The Chancellor of the Exchequer, George Osborne, has provided to the RAF Families Federation £235,000 to support the implementation of the Armed Forces Covenant. The money comes from the £35million of fines paid by banks after some employees were found to have attempted to... More information

Armed Forces to receive X-factor pay rise

The Chancellor, George Osborne, in his budget speech, has announced that Service personnel are to be awarded a pay rise of of 1.5%. This is the 1% already announced and half of one per cent in X-factor which until now had been... More information

More cuts will erode our military capability

The Defence Secretary, Philip Hammond has been speaking out about the effect of any more cuts on the future capabilities of the UKs Armed Forces. He suggested further cuts would leave the Armed Forces with a hughly reduced capability and that George Osboune should look to other Governement departments for any further saving citing the welfare budget as possible area where money could be saved...More information

Bank fines given to support the Armed Forces

The Chancellor has announced that the fines levied on banks for attempting to manipulate the London Interbank Offered Rate benchmark are to be given to causes and charities supporting the Armed Forces community. George Osborne said: "Our servicemen and women make huge sacrifices on behalf of our country and represent the best of British values. That’s why it is right money received from fines banks are...More information »

What will be in George Osborne's Autumn Statement?

The Chancellor, George Osborne is due to give his Autumn Statement next Wed, 5 Dec 12. Many commentators are expecting him to extend the Public Sector pay freeze or to cap it until 2017...More information »

Autumn Statement - Armed Forces

George Osborne’s 2011 Autumn statement confirmed the country's worsening economic outlook. The Chancellor has taken further measures to curb expenditure and on public sector pay has capped pay rises to 1% beyond the two-year pay freeze currently in place. Since the announcement the Treasury has confirmed that this cap on pay will also apply to the Armed Forces. The MoD is seeking urgent clarification...More information »