Saving the struggling Sefton Group from collapse was ‘absolutely’ the right thing to do according to the Island’s Chief Minister.
The official report into the 2013 bailout, compiled by an economic policy committee, triggered a lengthy debate in Tynwald last week.
It came after government loaned the group £1.3 million of public money and entered a landswap deal worth £3.2 million.
The committee concluded that government’s legal powers had been stretched to the limit but there will be no official re-examination of the decision.
Allan Bell says he will now look to strengthen legislation:
Peel ready for bonfire and fireworks later
Government: "UK never told us about child murderer"
Farm shop's newest worker needs your name suggestions
Bus Vannin gives update on staffing problems and routes affected today
Toilets vandalised for fourth time in a month
Poppy gets fur-ever home after sparking rescue operation in Douglas
Council gets eight complaints about James Brown in six months
More bus staffing problems this weekend
Comments
Add a comment