Well it is the season of goodwill to all men...
The announcement by Virgin Money and the Chancellor over the launch of a new charity Foundation is to be welcomed.
Over the years, countless organisations benefited from the Northern Rock Foundation.
That its good work was to be lost forever was a dreadful prospect.
Which is why George Osborne’s pledge is so timely.
Much of the money will stay with worthy causes here in the North East – just as happened under the much-lamented Northern Rock Foundation.
Help is being promised for our young, so many of whom find themselves without home or hope.
Good luck to them and to the new Foundation.