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Government doesn't need reserve fund for Steam Packet bail-out says Bell

Tue, 14 Feb 2012

The Chief Minister says the government hasn't found it necessary to set up a fund to rescue the Steam Packet in case of a future financial emergency.

Allan Bell was answering a question from Onchan MHK Zac Hall in the House of Keys today.

Mr Hall asked about the Steam Packet's financial position and whether an ad-hoc reserve fund needs to be set up in case the company ever needs bailing out.

But Mr Bell doesn't think it's needed.

 

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Media

• Chief Minister Allan Bell