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Libor banking fines help service veterans

4 February 2014 Last updated at 22:39 GMT

Up to £40m pounds raised in bank fines is to go towards helping war veterans.

The money from Libor fines, which were imposed on banks for illegally fixing their lending rates, will help charities build new homeless hostels and half-way houses for veterans who have fallen on hard times.

Defence minister Anna Soubry visited Blind Veterans UK's centre in Brighton to announce the latest tranche of funding for accommodation for thousands of Armed Forces veterans across the UK.

South East Today reporter Piers Hopkirk talked to former RAF chef John Cunnington, Ms Soubry and army veterans Mark Threadgold and Idris Evans.

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