This site will look much better in a browser that supports web standards,but it is accessible to any browser or Internet device.

Skip to content....

text size: Decrease text-size Increase text-size

Skip to content....

Why is Stormont still refusing £25m donation to PMS

28 March 2011

Statement by TUV Leader Jim Allister:-

 

“Indications of progress towards some relief for PMS savers is welcome. It’s wonderful what an election can do!

 

“However, the decision by Stormont not to match Westminster’s donation of £25m, but to make only a £25m loan, remains inequitable. Despite the Treasury being quite clear that the Stormont Executive committed to matching their £25m contribution, Stormont, shamefully, has reneged and is merely loaning the money, demanding its repayment on the disposal of PMS assets before balance monies are distributed.


“Making the £25m a donation would be the right thing to do and be some small recompense for DETI’s responsibility for the development of the PMS crisis. The Treasury Select Committee was very clear in finding that the crisis was facilitated by a regulatory gap and that such was the responsibility of DETI. So, it is only but right that they should put their hand in their pocket to the relatively modest extent of £25m. Instead, they are merely loaning their contribution. Considering that this same Executive can gift £60m to the GAA and waste £400m on useless North/South bodies, I don’t think £25m was too much to ask for a far more deserving cause.”

 

back to list 

General