A huge charitable fund, originally set up almost 100 years ago, could be used to pay off some of the country's national debt, a High Court judge has said. The National Fund was started in 1928 when an anonymous donor created a trust with a gift of half a million pounds. The money was to be left until it had grown large enough to discharge the UK's national debt. Now a judge has said the fund is a 'valid charitable trust', meaning it can be used to help pay off the country's national debt. This is around 0.026 per cent of the national debt which, as of the same month, stood at £2,004billion.

Source: Daily Mail November 13, 2020 19:08 UTC