Credit union team pushing on despite setback

Saturday, 27 June 2015 00:00

Plans for a Manx Credit Union on the Island will not be scrapped despite the team behind it facing numerous barriers.

The Financial Supervision Commission conducted a consultation recently - the feedback could potentially have shaped the legislation needed for the idea to succeed.

It was hoped government would have factored it into the upcoming legislative programme - however this has not happened.

Chairman David Talbot says he's not been given any explanation as to why it is yet to feature:

More from Isle of Man News

Island inflation rises, but still under UK figure

Inflation on the Island saw a jump of 0.5 per cent last month.
No data on social housing fibre installations

Enterprise Minister Tim Johnston says his department doesn't hold figures about people paying for broadband installation.
Fundraiser launched for Classic TT rider

A fundraiser to help a rider who crashed during this year's MGP has reached almost £1,500.
Post Office warning against social media scam

The Post Office is warning people about a social media scam which claims to be selling lost parcels.
No plans to force cyclists to wear helmets, says minister

The Department of Infrastructure says it has no plans to make wearing cycle helmets compulsory.
Investigation into commissioner's Charlie Kirk comments

A Ramsey commissioner's social media comments about the death of American activist Charlie Kirk are being investigated.
Water outage in Peel tonight

Peel's water supplies will be off for four hours tonight.
Fake deals on the bus cost pounds and pounds

A new version of an old Facebook scam about buses has been reported to authorities.