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Chief Minister doesn't know the largest employers


Declan

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12 hours ago, thesultanofsheight said:

I’m not even sure it’s a GDPR issue. It’s not personal data. It’s just an excuse to say nothing. 

I completely agree but GDPR is the perfect excuse for pretty much giving no info on anything at the moment. It's the new commercial confidentiality.

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18 hours ago, woody2 said:

so how did they know when the sefton bailout happened........

Sefton is (or at least was) a PLC. My guess is that they simply looked at its last published accounts.

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Having not read any of this thread at all can I just say that we’re all better off the less Quayle knows about anything. So if he doesn’t know who the Island’s biggest employer is that’s a good thing. Providing Quayle with information invites the same consequences as providing a chimpanzee with firearms.

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3 hours ago, Whatnonsence said:

Anybody know if the Sefton have repaid their debts to the tax payer?

last time reported they hadn't.....

3 hours ago, TheTeapot said:

They don't need to. The money was given to them as an 'Exceptional Needs Grant' rather than a 'Budgeting Loan'.

yes they do.......

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the figures don't add up but that's nothing new with iomg........

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government loans of £450,000 and £1.3million to the Sefton Group

http://isleofman.com/news/video/64628/sefton-bailout

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Last week the Manx government announced a rescue package for the Sefton Group PLC, totalling more than £4.5m.

The package includes a £1.3m loan plus an additional £3.2m to buy a Douglas site earmarked for development.

https://www.bbc.co.uk/news/world-europe-isle-of-man-22264083

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Ray Harmer confirmed at this week's sitting of the House of Keys that the site was sold for almost £4m - over quarter of a million pounds more than the Government paid for the land in 2013.

https://www.energyfm.net/cms/news_story_532012.html

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A government spokesman said the bail out has been given under the Enterprise Act which provides the Sefton Group with a loan of £1.3m repayable after five years.

https://www.bbc.co.uk/news/world-europe-isle-of-man-22264083

 

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