Advertisement

Depositor protection debate this morning

by isleofman.com 23rd October 2008
The Isle of Man's recently improved depositor protection scheme will be the focus of discussion when Tynwald resumes at 10.30 this morning.

A lengthy debate is expected as more detailed plans come before the court, a fortnight after an emergency sitting when it was agreed to increase individual depositors' protection from ?15,000 to ?50,000.

Among the proposals down for consideration today will be a plan to offer depositor protection to charities and businesses to a maximum of ?20,000.

The sitting will go ahead as normal in the chamber, although for a while last night it looked as if an alternative venue might have to be found.

The main court at Douglas courthouse and a suite at the Villa Marina were both considered, after a fire scare late yesterday afternoon which led to government offices, the courts and Tynwald being evacuated.

An electrical fault in the basement of government offices caused the problem.

There will be full, live coverage of all today's business in Tynwald on Manx Radio's AM 1368 service from 10.30 this morning.

(Picture: The Tynwald chamber).
Posted by isleofman.com
Thursday 23rd, October 2008 08:10pm.

Popular Articles

Upcoming Events

Nobles Parkrun

A free, fun, and friendly weekly 5k community event in Nobles Park.  Walk, jog, run, volunteer or spectate...
12 Oct
View More
Advertisement

You also might be interested in

Stephen Savage joins Quinn Legal’s Corporate and Commercial legal team.

Business

When the clocks sprung forward we lost another precious hour of sleep

Health & Wellness

The GFoGE guide to obstacle races & why should you do one.

Sports & Leisure

Why not take a "Wallaby" walk in the Curragh?

Nature & Wildlife

Hop-tu-Naa is an ancient festival celebrated on the Isle of Man

Visitor Guide

The Isle of Man hosts many traditional ceremonies throughout the year

Visitor Guide