Time to take back control says Minister
Tynwald has embarked on a debate over the nationalisation of the IOM Steam Packet Company.
The Treasury Minister will ask the court to approve the £124.3 million purchase along with a series of other recommendations related to the acquisition.
In his opening remarks Alfred Cannan asked the court why should a strategic national asset be held by a Portuguese bank.
He says it’s time to take back control.
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Details provided by The Treasury following FOI request