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How should the government use the National Fund?

The National Fund is the 29th richest charity in the UK worth an estimated £319m.

It was set up by a philanthropist in 1927 with £500,000 (worth £2m in today's money) for the sole purpose of paying off the national debt, which then stood at £7.5bn.

With the national debt now pushing £1 trillion, what should the money be used for?

Radio 5 live Wake Up To Money spoke to Stephen Lloyd, the head of charities at law firm Bates Wells & Braithwaite, who said it should go towards the Green Investment Bank.

To hear other 5 live interviews, please visit the best bits page.

Wake Up To Money broadcasts weekdays 05:30 to 06:00 on Radio 5 live.

  • 08 Feb 2012