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Kirk hits out at ‘shameful’ move to axe charity funds

The Church of Scotland has branded the decision by Lloyds Banking Group to halt funding to it charitable arm as “unacceptable and shameful”. Cutting cash to the Lloyds TSB Foundation in Scotland will bring to an end a 25-year-relationship that has seen £85 million donated to Scottish charities. Funding will end in nine years. The Rev Ian Galloway, convener of the church and society council of the Church of Scotland, said the announcement was “rubbing salt” into the wounds of those already affected by the global financial meltdown. He wrote in his online blog: “The economic situation has already hurt millions of people who cannot afford to fight back. “And now with the destruction of the Lloyds TSB Foundation, salt will be rubbed into the already painful wounds of those affected. It is, frankly, unacceptable and shameful behaviour from a bank.” (…) But writing in today’s Scotsman, Shane O’Riordain, group communications director for Lloyds Banking Group, said the company was “proud” of its contributions to Scottish communities. He writes:  “Our position is clear: due to our standing as one of Scotland’s largest corporate donors, we will continue to support many good causes across Scotland both now and in the future. Our door remains open to the Scottish foundation.” Image: ltsbfoundationforscotland.org.uk. More…
News selected by Covalence | Country: UK | Company — Ethical Quote link: Lloyds Banking Group | Source:  The Scotsman
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