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Er....is Allan Bell not the man majorly responsible for the IoM's current "financial journey"? Namely, up shit creek without a paddle?

You couldn't make it up.

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25 minutes ago, Non-Believer said:

Er....is Allan Bell not the man majorly responsible for the IoM's current "financial journey"? Namely, up shit creek without a paddle?

You couldn't make it up.

Could not agree with you more. 

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41 minutes ago, Non-Believer said:

Er....is Allan Bell not the man majorly responsible for the IoM's current "financial journey"? Namely, up shit creek without a paddle?

You couldn't make it up.

What does Big Al give lessons in? How to run up £400M of public utility debt, or how to set up an empty pension scheme with £3.8bn of unfunded liabilities? Hopefully no other small nation takes any notice of how we’ve managed to wreck the IOMs finances! 

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To be fair, AB wasn't entirely responsible for the pensions black hole's creation.

He just denied it existed and didn't do anything about it.

ETA. FWIW, now named (iomtoday) as a director of the local Oddbins operation until his resignation in May 2018. Another success story for the CV.

Perhaps we should get the Small Countries Financial Management Centre to come in and, er, manage our finances. In view of the expertise displayed in our past record and current situation.

Edited by Non-Believer
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2 hours ago, Non-Believer said:

Er....is Allan Bell not the man majorly responsible for the IoM's current "financial journey"? Namely, up shit creek without a paddle?

You couldn't make it up.

 

1 hour ago, thesultanofsheight said:

What does Big Al give lessons in? How to run up £400M of public utility debt, or how to set up an empty pension scheme with £3.8bn of unfunded liabilities? Hopefully no other small nation takes any notice of how we’ve managed to wreck the IOMs finances! 

When he were Treasury Minister Big Al apparently knew diddley squat about those many £100millions illegal loans.

The people who did were the advocates firm that advised on the loans. They also advise the government of course, but that is on different matters.

Aye, you couldn't make it up.

 

Oh, and I wonder will Mark Shimmin MBE, former Chief Financial Officer, The Treasury, Isle of Man be giving the attendees from far off lands a lecture on foreign currencies and on how to do exchange rates?

 

Edited by gettafa
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1 hour ago, Non-Believer said:

To be fair, AB wasn't entirely responsible for the pensions black hole's creation.

He just denied it existed and didn't do anything about it.

To be even fairer, not only was he not entirely responsible for it, far from denying its existence he was always banging on about it and saying it was unsustainable many years before it actually became a live issue. It is true, however, to say that when he actually got the chance he didn't do an awful lot about it and carried on down the same road as his predecessors.

As for "The Isle of Man's Financial Journey", well it's ongoing. The destination doesn't look appealing though.

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6 minutes ago, woolley said:

To be even fairer, not only was he not entirely responsible for it, far from denying its existence he was always banging on about it and saying it was unsustainable many years before it actually became a live issue. It is true, however, to say that when he actually got the chance he didn't do an awful lot about it and carried on down the same road as his predecessors.

As for "The Isle of Man's Financial Journey", well it's ongoing. The destination doesn't look appealing though.

Woolster, only this week an article on Chris Thomas has publicly referred (iomtoday, Sunday 3rd, sorry can't link) during an update on the P.S. pension situation, to AB's denial of the situation in 2007 under questioning from Peter Karran. At that point the liability stood at @ £1Bn.

Edited by Non-Believer
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OK, NB, I can see we are slightly at cross purposes. It was the unsustainable rise in public sector expenditure that he was always banging on about, rather the the pension liability per se. Obviously the latter is a consequence of the former, but I probably made the quantum leap in the thread without clarifying. Apologies.

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Bell and Teare couldn't answer a straight question in the house without referring to some "unquantifiable" or "commercial confidentiality"

Yes we are where we are indeed Mr Bell !!!

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Perhaps, as Derek Flint has alluded to on another thread, it is time for the Misconduct in Public Office offence to be put on the IoM statute. But you can absolutely guarantee none of them will be in a hurry to do it.

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Yep, sweep that particular tin of skeletons under the lumpy carpet.

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19 hours ago, gettafa said:

Yep, sweep that particular tin of skeletons under the lumpy carpet.

Love the mixaphores!

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