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MHK fears Sefton bailout will harm Government

Thu, 25 Apr 2013

An MHK believes government will lose credibility by bailing out the struggling Sefton Group.

Earlier this week the Chief Minister was forced to defend the Council of Minister’s decision to provide financial assistance to the group which has debts of over £70 million.

Calling it a matter of "national interest” Allan Bell said the fallout from letting the group go to the wall would be detrimental to the Island.

However he does believe the directors who put the group in this position should resign.

Michael MHK Alf Cannan if firmly against the investment and says the links between government and the group are too close:

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• Alf Cannan, MHK