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£670m for youth centres will not be financed by unclaimed assets
By Helen Warrell, Third Sector Online, 27 September 2007
The third sector was left confused by a statement in the Prime Minister's speech at the Labour Party conference that seemed to suggest £670m from dormant bank accounts would be used to pay for new youth centres up and down the country.
In his first speech to conference as party leader, Gordon Brown said: “We will use unclaimed assets in dormant bank accounts to build new youth centres, and we will invest more than £670m so that in every community there are places for young people to go.” Some assumed that the...
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