Questions for Treasury Minister to be raised in Tynwald
I have been speaking to Juan Watterson and he informs me that he will be asking the following questions of the Treasury Minister on the 30th June :-
How much will the DCS cost the taxpayer, and how much equity would need to be put into KSF to retain it as a nationalised going concern?
Has legal advice been sought as to whether any of the losses suffered by depositors, banks or Government are reclaimable due to action / inaction taken by HM Treasury, or UK or Icelandic regulators?
I think these are excellent and pointed questions and Juan has said that other members of Tynwald will also be asking their own, related ones. I think the first question in particular is one that we have all been asking ourselves on this site.
I suspect that the answers may be the usual blunt, unhelpful affairs that we have seen before. However, the fact remains that within Tynwald itself, questions are being asked that to my mind suggest that this whole affair is being handled badly. This can only help to bring pressure on the IOM Government to swallow its pride and talk to the UK Government and drive through a resolution.