UK government could not operate a £ 512million debt relief fund during the Depression


Law360, London (November 9, 2020, 8:09 p.m. GMT) – A London judge signaled on Monday he could allow the government to tap into a £ 512million ($ 675million) charity fund that has been dormant since 1928 after finding the trust set up by an anonymous donor to pay off Britain’s national debt can be spent on other good causes.

Even if the government cannot hope to repay the UK’s £ 2 trillion debt now, reducing the burden would almost be honoring the wishes of the banker who set up the trust almost 93 years ago, said High Court Judge Antony Zacaroli.

A donor created the trust, known as National …

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