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Spending The Profit


crumlin

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Manx Radio stated this morning that the MEA want to borrow a further £50 million to stay afloat

 

Have there been floods?

 

The Manx Electricity Authority says it needs another £50 million to stay in the black, according to Treasury Minister Allan Bell.

 

He gave the figure in a written reply to a House of Keys question from Onchan MHK Peter Karran.

 

Mr Bell says the MEA is forecasting the shortfall over the next five years, and Treasury officials are still talking to the authority about the state of its finances.

 

He says it is not yet clear whether the money is really required and, if it is, how it would be paid to the authority.

 

So it might be, it might not - bit of non news then...

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Someone (?) has spent £80k on a new car - so what? Are we meant to feel aggrieved? Envious? Disgusted? Or are we just meant to mutter something about money being able to buy everything except good taste? It's hardly a matter of public concern or debate when it comes to the way people spend their money is it? I mean a guy called Glazer has just lashed a fortune on an unsuccessful football club!

Then there may be a need for another £50M to be borrowed - or there may not!

Sorry, but this thread's a bit like any local resident on a wet Tuesday night in winter - it just has nowhere to go!

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