A former Treasury minister is taking the credit for a government revue into the level of compensation available for depositors, should a bank fail.
The motion from David Cannan, the Michael member was that a review and if necessary an amendment to the current levels be carried out. It was accepted by Tynwald.
The present level was brought in after the BCCI collapse.
Mr Cannan says the new higher level must be regularly incremented :
"Tanker McTankface?": Isle of Man Energy asks youngsters to help name new lorry
Company adds two new LPG road tankers to its fleet
VAT removal from electricity bills will cost government £1 million
Island following UK in applying cut
'Absolutely right' that Island follows energy VAT cut says former treasury minister
Alex Allinson on the move to drop rate from 5% to 0%
Minister welcomes airline's confidence in market
easyJet looks set to be taken over by an American firm
