'Right balance' claims Minister
The Treasury minister says a now-approved government takeover of the Steam Packet was the 'right decision for the long term'.
Tynwald yesterday (15 May) agreed to the £124 million deal, the terms of which include a £76 million loan to the Steam Packet, and a political restructuring of the board.
Support from the parliament was almost unanimous - but concerns were raised over how much involvement government would have in the day-to-day running of the company.
Alfred Cannan insists the 'right balance' will be struck between public ownership and private business interests:
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