Languages
Page last updated at 16:51 GMT, Friday, 7 November 2008

Meeting on UK and Manx relations

KSF (Isle of Man) building
KSF Isle of Man bank was closed on 8 October

The Isle of Man's chief minister is meeting with the Lord Chancellor Jack Straw to cement relations between the island and the UK.

The move follows Chancellor Alistair Darling's comments about the UK having a "long, hard look" at its relationship with the Isle of Man.

UK treasury officials are representing the island in talks with Iceland over the collapsed KSF Isle of Man bank.

Tony Brown MHK said he was waiting for Mr Darling to clarify his comments.

The chancellor also said that the island was a "tax haven".

Options considered

Mr Darling has ruled out underwriting British savings held in the collapsed Kaupthing, Singer and Friedlander (KSF) Isle of Man bank.

The UK is in ongoing talks on behalf of the Isle of Man with Iceland - which nationalised Kaupthing - to retrieve savers' money.

Mr Brown is due to meet with Mr Straw next week.

He said: "It is important for depositors, and the people of the Isle of Man, that government moves forward on many levels to resolve the current difficulties.

"Work continues with the provisional liquidator to find the best solution. At this point, no options have been ruled out."

He added that the collapse of KSF (IOM) "was not caused by any actions taken by the Isle of Man Government".



Print Sponsor


SEE ALSO
Anger at Darling island criticism
06 Nov 08 |  Isle of Man
UK rules out backing depositors
04 Nov 08 |  Isle of Man
'Mountain to climb' on KSF funds
31 Oct 08 |  Isle of Man
More time for KSF deposit talks
24 Oct 08 |  Isle of Man
Treasury talks over KSF deposits
23 Oct 08 |  Isle of Man
Governments petitioned on savings
20 Oct 08 |  Isle of Man
Icelandic bank savers await help
18 Oct 08 |  Moneybox

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific