Saving the struggling Sefton Group from collapse was ‘absolutely’ the right thing to do according to the Island’s Chief Minister.
The official report into the 2013 bailout, compiled by an economic policy committee, triggered a lengthy debate in Tynwald last week.
It came after government loaned the group £1.3 million of public money and entered a landswap deal worth £3.2 million.
The committee concluded that government’s legal powers had been stretched to the limit but there will be no official re-examination of the decision.
Allan Bell says he will now look to strengthen legislation:
Four 20mph zone changes after consultation, says DOI
Tax discs, private healthcare and benefits on the House of Keys agenda
Two-minute silence to mark Armistice Day
Ferry crossings cancelled because of weather
Flooding risk amid yellow weather warning
Hospice launches tree light appeal
Island part of global privacy sweep to protect children's data
Island animal charity calls for donations as demand rises
