Back the Cash Back for Christie Campaign

It was with some dismay that I read in the Manchester Evening News that Christie’s Hospital in Manchester has lost it’s appeal to recover the £6.5m that was lost in the Icelandic banking crash. Sadly, the hospital’s attempt to claim the charity money back through the Financial Compensation Scheme has been unsuccessful, as their claim was rejected. It seems the claim was rejected on the basis that the scheme only protects individuals and small companies.

As an outpatient of Christie’s Hospital for many years, I am today backing the Manchester Evening News’ campaign to help Christies get back their donated money and I call on anyone and everyone who reads this to do the same.

Christies made no mistakes in depositing the donations in two Icelandic banks, as they both had the highest safety ratings and offered the best interest rates at the time. Hospital managers were simply investing the money wisely, with the best possible return.

Now Christies are launching a legal challenge to overturn the FCS decision and they have received the full backing of Lib Dem John Leech, MP for Withington who said “I am appalled by the decision of the FSCS to reject The Christie’s claim. This is money that has been raised by the public to help the hospital in its efforts to fight cancer, and it has been lost through no fault of the hospital whose bosses were acting on the best possible advice at the time of its investment. I have spoken to hospital bosses and will be fully supporting them in their attempts to secure a judicial review of the case. The Christie is a world leader in cancer care and the FSCS heartless decision must be reversed.”

I have written to my local MP, Hazel Blears, asking her to support a judicial review – with the ultimate goal of overturning this terrible decision. I await her reply with bated breath.

EDIT: In the meantime, I urge everyone to sign the M.E.N.’s online petition at Number 10, located at http://petitions.number10.gov.uk/TheChristie/. You can also read the full story here, as reported by the paper.

Should you wish to make a donation to Christies (I do every year), you can now do it online at http://www.christies.org/donations/default.aspx

Comments

  1. Steve Middleton April 5, 2009 at 12:11 pm

    The Icelandic banks used were FSA approved and they selected the banks which offered the best return with minimal risk. Let’s be clear, the Icelandic banks had one of the highest safety ratings – the UK’s own Financial Services Authority let down Christies with poor advice. They were not greedy, quite the opposite, the money raised by hardworking charity workers was kept in a safe place (or so they were told), which gave the best return. At all times, they were thinking about the charity and how that money was going to help the people of Greater Manchester – that is not greed, that is incredibly thoughtful.

  2. jim brown April 5, 2009 at 8:09 am

    Hope they not get the money back but why not invest in the country where the money is raised,greedy??????

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