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Politicians have money on their minds

There will be a distinctly financial flavour to the first Tynwald Question time for this legislative year.

There are 52 questions for oral answer - almost half of which relate in some way to the ongoing economic situation.

It was to be expected that Tynwald members would use this opportunity to raise various concerns with regard to what's been happening in the world of finance in the past few weeks.

The collapse of Kaupthing Singer and Friedlander gets a good deal of attention, with questions about what representations will be made on the Island's behalf and whether the amount owed to KSF Isle of Man amounts to around £500 million in total.

North Douglas MHK Bill Henderson has a more generalised worry about the credit crunch, asking the Treasury Minister to detail any effects perceived or otherwise there may be on the Island in terms of investment and deposit movements.

And speaking of deposits, Rushen MHK Juan Watterson has no less than nine questions about the Depositors Compensation scheme which was the subject of an emergency Tynwald debate last week.

Other subjects to be raised include the legal drinking age, progress on Bemahague School and the development of the Lord Street Bus station site.

Question time will be broadcast live on Manx Radio's AM 1368 frequency this Tuesday from 10.30am.

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