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Tynwald asked to approve extra funds

Tynwald buildings, Douglas

Tynwald buildings, Douglas

Tynwald next week will be asked to approve more than £14.5m to cover overspending by government departments last year on capital projects.

Treasury will also be seeking Tynwald consent for a further £9.85m on land purchases not included in the Budget – including the controversial purchase of the Middlemarch site as part of the Sefton Group bail-out deal.

Minister for Treasury Eddie Teare insisted the £14.5m overspends were simply about timing issues, with capital schemes brought forward if others are delayed. He said the £9.85m extra for the purchase of Finch Hill House and the Middlemarch site was wholly financed by transfers from the Land and Property Acquisition Reserve and received prior approval of Treasury.

But Lib Van MHK Kate Beecroft believes government went beyond its legal powers to purchase Middlemarch. ‘Are they attempting to legitimise an illegal act?’ she asked.

 

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