Funding from bankers' Libor fines would be used to create a permanent memorial to the 444 British personnel killed in Afghanistan, Prime Minister David Cameron has announced.
"I can announce today that we will be taking more money off the Libor fines and putting it in to military charities including building a permanent memorial at the Staffordshire Arboretum so that we can always remember and future generations can remember those that fell and died here in Afghanistan."
More than 60,000 people are expected to turn out to salute the Armed Forces today as Nottingham steps into the national spotlight.Read the full story ›
This weekend thousands of people will honour the contribution made by the men and woman of Britain's Armed Forces.
Across the Midlands there will be events where people will be showing their support for the military.
Nottingham will be at the centre of the national celebrations, with tens of thousands expected to attend.
Peter Bearne reports on preparations for the military parade.
During the Second World War veteran Ray Ellis served as a gunner with the desert rats in North Africa.
Ray is now 94-years-old and remembers the events of 70 years ago as if it was yesterday.
Phil Brewster has been listening to his story.
Tonight, ITV News Central will have a special programme live from Nottingham ahead of the Armed Forces Day tomorrow. Join us on ITV at 6:00pm.