An MHK has slammed government’s decision to bail out the Sefton Group calling it ill-judged and fundamentally unfair.
Last week it was announced that £1.3 million of taxpayers’ money is being lent to the group as part of a debt reduction programme.
The rescue package also includes government buying a car park which is costing £3.2 million.
It’s a decision that’s angered many with Michael MHK Alf Cannan saying he fails to see how the bailout of a publically listed company is the responsibility of the public.
He says it is simply unfair:
(PLAY AUDIO ABOVE)
'Tough times' see Ramsey cafe close for winter
Peel to get new laundrette?
Manx Care asking people to wear masks in its facilities
Tynwald to be urged to take action on homelessness
Tonight's Manxman sailing put back an hour
Patrick Road closed to clear landslip
Laws regulating tattoo parlours won't be considered until 2027
Plans to re-open ward delayed after safety checks