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IOM says meeting with Lord Chancellor was “positive”

Chief Minister Tony Brown MHK says his meeting with Lord Chancellor Jack Straw to discuss relations between the Isle of Man and the United Kingdom was positive and reassuring.

The meeting, held in London yesterday was requested by Mr Brown following recent public comments by the Chancellor of the Exchequer, Alistair Darling, suggesting that the relationship should be reviewed.

Brown says “Our meeting with the Lord Chancellor was most positive. I am pleased that we have received assurances that the United Kingdom has no plans to examine the constitutional relationship between us – a relationship which remains robust and is clearly defined by a framework signed between our two governments in 2007.

“As well, we had helpful discussions regarding the Kaupthing Singer Friedlander Bank situation.”


‘Steer clear of bailout bank stocks’

Investors should avoid government-influenced bank stocks due to a lack of dividends and an expected exodus of talent, says New Star global financials fund manager Guy de Blonay.


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