An estimated £300m in forgotten and unclaimed money is to be released by banks and building societies in order to support disadvantaged people and those trapped in spiral debt.
The money will be sourced from unclaimed bank accounts which have no owner or have been left ‘forgotten’.
An estimated £2bn is currently sitting in these accounts – £330 million of which the government plans to donate to charity.
Minister for Sport and Civil Society Tracey Crouch said: “By unlocking millions of pounds from dormant accounts for a range of good causes, we can make a real difference to lives and communities across the country.”
No mention of what is happening to the rest!