How will government proceed following yesterday's revelation that the Sefton loan deals were unlawful?
The Council of Ministers has until July's sitting of Tynwald to formulate a response to the findings of the independent legal review.
It was deemed that given the Sefton Group was in tax arrears it was not an eligible business to qualify for a loan under the Enterprise Act.
Economic Development Minister John Shimmin yesterday offered his resignation over the matter - something that was not accepted by the Chief Minister.
Treasury Minister Eddie Teare says time is definitely needed:
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