[an error occurred while processing this directive]
[an error occurred while processing this directive]
On-Air Now
Facebook

Loan situation now under review says Treasury

Tue, 17 Jun 2014

Treasury Minister Eddie Teare MHK
Treasury Minister Eddie Teare MHK

An error was made - but it will be learnt from.

That's the message from the Treasury Minister after it was revealed that the controversial Sefton bailout wasn't legal.

Independent legal advice relating to the multi-million pound loans made by government to the struggling Sefton Group has now been received.

Economic Development Minister John Shimmin has offered to resign from his post as a result- an offer that hasn't been accepted.

Eddie Teare says he acted in the best interests of the economy and the financial position will now be reviewed:  


Media

  • Eddie Teare MHK

 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed
More News Stories
[an error occurred while processing this directive]

News Archive