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Anger over proposal to scrap fund for Holocaust victims

February 11, 2015 10:03
Business secretary Vince Cable

By

Charlotte Oliver,

Charlotte Oliver

1 min read

A scheme that compensates victims of the Holocaust for their financial losses during the war may be scrapped by the government in a bid to save taxpayers’ money.

Under Winston Churchill’s wartime government, British-based savings and properties belonging to Nazi victims in Germany, Japan, Italy and occupied Europe were seized to stop them falling under enemy control.

In 1999, the Enemy Property Payment Scheme was launched to recompense the families of those who incurred such financial losses, enabling them to make claims and win compensation based on the value of the asset, increased by inflation.

But Business Secretary Vince Cable has revealed he may now end the scheme, which has paid out £23 million to more than 500 families since it began, to cut running costs of £65,000.