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Cannan questions need for Sefton deal

by isleofman.com 1st May 2013

The treasury minister's claim government's bailout of the Sefton Group will create confidence has been disputed by a vocal critic of the deal.

Last month it was revealed ?4.5 million of taxpayers' money was to be used to prop up the ailing firm, via a loan, and purchase of a prime development site in Douglas.

Speaking live on Mandate on Manx Radio this morning Michael MHK Alf Cannan said he remained unconvinced it was the right thing to do:

Clip 1
Posted by isleofman.com
Wednesday 1st, May 2013 11:38pm.

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