Prime Minister can not guarantee the return of Christie's money

Date published: 09 April 2009


Prime Minister Gordon Brown has written to Rochdale MP Paul about the campaign to get world famous cancer hospital 'The Christie' their £6.5 million back.

The Financial Services Compensation Scheme (FSCS) has so far refused to refund Christie the money lost when Kaupthing Singer and Friedlander (KSF) bank collapsed in Iceland.

The Prime Minister has not agreed to give The Christie their cash back.

The Prime Minister used the letter to again praise the staff at the hospital for the 'wonderful work that they are doing' and confirmed that although KSF were originally covered by the Financial Services Authority (FSA), they were no longer entitled to their money back as the bank had gone into administration.

Mr Brown confirmed that the Economic Secretary to the Treasury Ian Pearson MP had met with bosses at the hospital.

Paul Rowen MP said: "The pressure on the Government is growing daily and I will continue to put pressure to get this money back. It was given in good faith by local people and is not right that the hospital should suffer because of other people's mistakes. It seems that the Government are happy to bail out the bankers at the drop of a hat but not charities. 

"Many local people in Rochdale, Greater Manchester and the North West will lose out as a result.

"Only last week, the influential Treasury Select Committee recommended that all charities get their money back.

"This is something that I will continue to push after the Easter recess. We will continue to campaign and I hope that more and more people will sign up to this campaign to get this vital hospital their cash back."

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