Chief Minister says bank pullout was "inevitable"

Tue, 28 Jan 2014

The Chief Minister says the news of Britannia International leaving the Island was "inevitable".

The Co-operative Bank has confirmed it will be winding down its operations here over the course of the year.
31 jobs will be lost as a result of the decision.

In the House of Keys today North Douglas MHK Bill Henderson will ask what steps are being taken to mitigate the negative outcomes of this announcement.

Allan Bell says the decision was expected: