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No aid for Iceland cash hospice

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posted on Feb, 24 2009 @ 06:38 AM
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No aid for Iceland cash hospice


news.bbc.co.uk

A children's hospice which had £5.7m invested one the collapsed Icelandic banks has said the government had left it "high and dry".
Naomi House in Sutton Scotney, Hampshire, had the cash tied up with Kaupthing Singer and Friedlander.
The hospice said charities minister Kevin Brennan had told it in a letter "he could offer no direct assistance".
The government said it was supporting all charities in the downturn, not just those with Icelandic investments.
The charity said the news was a major setback.
(visit the link for the full news article)




posted on Feb, 24 2009 @ 06:38 AM
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Whilst I know everything cannot be 'bailed out', a charity like this deserves financial help when much of their income has been stripped away. Charities are suffering at the moment more than most, because as we 'tighten our belts', so the giving here and there to charities drops. That can be the life or death of a charity.

When Governments are bailing out banks (who caused the problem), who are paying out BIG bonuses (sick), when the government is bailing out car manufacturers etc. who have mis-managed and wasted £millions, then turning a blind eye to a charity that many, many families depend on is just beyond a joke.

There are many parents that simply will not be able to cope should Naomi House go-under. They need the assistance, probably more so in the current climate.

I guess the charity does not bring any money into the government so why should they care?

news.bbc.co.uk
(visit the link for the full news article)



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