Government policy compromised says MHK

Government’s policy concerning the Economic Development Fund has been compromised following the Sefton Group bailout.

That’s according to Michael MHK Alf Cannan who believes the Chief Minister needs to take steps to restore public confidence over its use.

£1.3 million was loaned from the fund to the group and now he wants to know whether any other struggling businesses have also received public money to support their cash flow.

Allan Bell says he doesn’t accept the fund has been compromised and has blamed ‘conspiracy theorists’ for distorting the reasons behind the deal.

However Mr Cannan maintains it’s not fair on other businesses:

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