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Charitable fund could help pay down deficit

15-11-2020

A High Court judge has said a charitable fund set up by an anonymous donor in 1928 could be used to pay off some of the UK’s national debt. The National Fund was created with a gift of half a million pounds that was to be left until it had grown large enough to discharge the UK's national debt. Mr Justice Zacaroli ruled that the fund, which is now worth £512.2m, is a valid charitable trust, meaning it can be used to help pay off the country's national debt.

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