Isle of Man News - POSTED Mon 27-01-2014

Bank closure on Keys agenda

by Joanne Clague

Bank closure on Keys agenda - picture

Chief Minister Allan Bell is to be quizzed over the impact the closure of Britannia International will have on the Isle of Man.

The issue is being raised at House of Keys question time tomorrow by Douglas North MHK Bill Henderson.

A total of 31 jobs will be lost in the phased closure of the bank's three branches in the Island. The announcement that Britannia was pulling out of the Isle of Man was made earlier this month by parent company the Co-operative Bank.

Douglas North MHK Bill Henderson will ask the Chief Minister if he is prepared to make a statement on the closure. Mr Henderson wants to know what, if any, steps are being taken 'to mitigate any negative outcomes' following the announcement.

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