Sep 28 - GSD To Continue Pressing Government Over “£300 Million Question”
The GSD says it continues to hold the Government to account and explain the structure and reasoning behind the £300 million borrowing announced in the budget which it says is secured by way of mortgage over the six Government housing estates namely Moorish Castle Estate, Glacis Estate, Laguna Estate, Alameda Estate, Mid Harbours and Varyl Begg Estate.
Roy Clinton MP the GSD Shadow minister for public finance said:
"It was quite unprecedented for the Chief Minister to offer a technical meeting in lieu of answering in full the 26 detailed questions tabled in Parliament in respect of the £300 million borrowing secured by a mortgage over six Government housing estates. However in the interests of expediency we have agreed to meet directly with the Government’s technical advisors to fill in any gaps in our understanding of this transaction. With the exception of any commercially sensitive information we will be free to disclose any information we obtain. It is our intention to hold a press conference shortly after the meeting to set out in full our analysis of the transaction and what it means for the people of Gibraltar."
{fcomment}
