States borrowing framework looks unlikely to meet serious opposition
Saturday 11th April 2009, 2:29PM BST.
RULES that would allow borrowing of up to £333m. are expected to pass easily through the States.
Both Chief Minister Lyndon Trott, who is proposing the framework on behalf of the Policy Council, and Deputy Matt Fallaize (pictured), who leads a group of deputies that plan to bring an alternative funding option to Treasury’s £175m. borrowing plans, said they thought the fiscal framework would be passed.
Deputy Trott said the decision on borrowing that will follow was less important to him than the discipline that government must adhere to under the framework to remain credible.
‘I’m confident it will be supported,’ said the chief minister.
Ministers have also unanimously backed the framework.
Deputy Fallaize confirmed the group would not try to amend it.
‘We acknowledge that these rules in no way commit the States to borrowing,’ he said.
‘The whole idea of it is to put into place fiscal rules before we debate Treasury’s proposals to borrow. They amount to a limit on borrowing.’
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Who are you kidding?
(In no way commit the states in borrowing-?
What a shambles; he the cm Does exactly as he wants to do. like buying ships.
Time for a change me thinks All round.
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A slippery slope to passing borrowing….
If there was no intnetion then this would not be needed.
Why not listen to the people you represent, on no sorry you like playing politics more!
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Well it should meet with opposition. Part of the argument for borrowing will be ‘hey we have the framework in place so its safe’. Quite a clever move on the part of LT.
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NO! NO! NO! NO! NO! We should not be getting up to our eyes in debt leaving the bill as our children’s inheritance – if we can’t afford it then save up until we can, unless it is absolutely imperitive. This island has to learn to live within its means.
It is ludicrous. I will not vote for anyone who does support this – bring in island wide voting quickly.
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I would want to know who is providing independent assurance that this would be Governed appropriately?
There is no internal audit function in the States.
States members know all too well those who would do the lending.
States members know all too well those would be doing the building.
Jobs for the boys, debt for the taxpayer.
What a shambles.
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If They go ahead and borrow; then the answer is quite clear;
THIS WILL BE THEIR LAST TERM AS STATES MEMBERS
Basta! before it’s too,late; ‘
Yes Island wide voting;
they say they are democratic; sounds to me as if they have a permanent line to Mugabe:
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I am sure that the majority of them won’t care if they don’t get voted in again. At least £20,000 a year (? plus benefits) for ruining the island ………
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It’s the plus benefits; that makes it worth to them Merlin:They can write down any old thing, and get Taxpayers money,
These people, are past masters at deluding people-
Just a few “Ah but -an ahem. maybe you’re right-” and many little gestures that they use to try and delude.
I’ve seen it all before, and people swallow it, they are there, mostly for them selves; either to gain notoriety, or other items, dangling over their thoughts: Like that out of date simple little letters SIR! what a joke how people, worse than puffer pigeons Puff out their chests, laughable!
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