The Liberal Democrats have pledged to use £2.5million raised from a banking fine to help fund Scotland’s charity-run air ambulance service.
The money would most likely be used to buy an additional helicopter or to upgrade helipads at hospitals. The charity would decide.
The new investment proposal is part of wider Liberal Democrat plans to divide £50million from a £227million fine levied on Deutsche Bank equally between Britain’s 20 air ambulance trusts.
Libor, the London inter-bank lending rate, is deemed one of the most crucial interest rates in finance, underpinning trillions of pounds in loans and financial contracts.
Banks were fined millions of pounds in 2012 after derivatives traders attempted to rig the rate, further weakening public confidence in banks.
Scotland is served by two air ambulance services. The Scottish Ambulance Service is fully funded by NHS Scotland, while Scotland’s Charity Air Ambulance receives no government funding.
Lib Dems pledge to use banking fine to help charity ambulance service
