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Isle Of Man Fights Back

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17th August 2009

Dear Lord Wallace

It was with considerable dismay that I read your recently reported comments calling for the

constitutional relationship of the Isle of Man, and other Crown Dependencies, with the United

Kingdom to be “reviewedâ€. You claim that our autonomy “is no longer appropriateâ€, and that “in

terms of the contribution the Crown dependencies make to the UK, I think we definitely have to look

at that againâ€

Your hostility to the idea that the Isle of Man should be selfâ€governing, or be competent to exist as a

separate jurisdiction, has often been raised before. On the 10th March, for example, during the

debate on the Borders Bill in the Lords, you said:

“I have for a long time found it puzzling that we have a Government whose attitude is that any local

authority smaller than half a million people is incompetent to manage serious local services, but

accept that the Crown Dependencies three of which have populations of less than 100,000....are

somehow competent to manage a great deal of their own affairsâ€.

While your consistency is admirable, I do find it sad that as a student of history, and President of the

Liberal Democrat History Group, you should have so little appreciation of the fact that today’s

nations and communities are a product of historical circumstance – in the case of the Isle of Man, we

have had a thousand years of our own tradition and independent institutions, with the world’s

oldest continuous legislature, predating Westminster. We never have been (nor ever will be) part of

the political union of nations known as the United Kingdom. It is the height of arrogance to suggest

we ought to be. Our relationship with you is through allegiance to the Monarch, Her Majesty the

Queen, Lord of Mann. Those Manx people who fought for the Crown in two world wars, and indeed

do so today, are in little doubt of the contribution which they make to the UK †nor are the Manx

members of the Royal British Legion, who annually raise more money per head for the Poppy Appeal

than anywhere else in Britain.

Your complaint appears to be that having not yet chosen to become a sovereign state, the Isle of

Man still looks to the United Kingdom for the conduct of its external and diplomatic relations, treatyâ€

making and defence (though no doubt you are aware that the British Government has entrusted us

with our own “international personalityâ€, with our own negotiating powers in respect of

international financial agreements). But are you aware that the Isle of Man Government actually

makes an annual contribution to the UK Exchequer for such services?

The Isle of Man does not cost the UK a penny. We pay our own way in the world – every pound

spent here is raised here; no block grants, subventions, special funding from the UK, the E.U. or any

one else. By statute our Finance Minister is obliged to balance for a budget surplus – this is done

consistently; with no external borrowing, and rates of taxation which actually encourage private

enterprise and wealth creation, yet this little nation can still point to first class publicly financed

services in health, education and social security.

The way we organise ourselves financially passes muster – the OECD, G20 and others tell us we are

an internationally responsible jurisdiction. With such evidence that we are indeed “competent to

manage our own affairsâ€, why on earth would we want to be part of the UK? If it is a question of

good governance, it is the Isle of Man who could teach London about such things as the importance

of separating the powers of the executive, the legislature and the judiciary, or about what makes for a progressive democracy – having been the first national legislature to give the vote to women (1881), we were also the first in Europe to do so for people aged 16 and 17 (2006).

Of great concern is the fact that as Liberal Democrat Spokesman on Foreign Affairs in the House of Lords your clearly expressed views might be said to reflect the settled policy of your party in respect of the Isle of Man. If this is so, this is not the Liberal Party or the Liberalism I remember.

When I was at one time an active party member in the United Kingdom, Liberalism was then

renowned for its support for self-determination, for community politics, and championing the cause of Home Rule and federalism amongst the nations of the United Kingdom. I actively campaigned on these issues, both as a national youth chairman and parliamentary candidate, and was proud to do so.

Today I have the privilege to be Speaker of the House of Keys in the Isle of Man. As present occupant of this ancient post, I can tell you that such is the sturdy independence of the Manx people that we will vigorously resist any of your ideas to abolish our status as a proud selfâ€governing community in the British Isles, or incorporate us into the UK.

I would be more than pleased to meet with you in London, or even better in the Isle of Man, to

discuss these issues with you in further depth.

Yours sincerely

Steve Rodan

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where do i sign up

The Island is currently invitation only........ ;)

It's very difficult to get a work permit unless you are of high net worth and/or have a sustainable profitable business to move to the island.

God knows why they let me in..... ;)

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complete agreement

Thanks for clarifying. I also believe it's about time that the IoM and the Channel Islands stuck it to the British Government and stopped taking constant stick. I will watch with interest as things develop. Perhaps when we have a Tory government old loyalties will be renewed, where in the past Labour have done nothing but try to disrupt a perfectly satisfactory constitutional arrangement.

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Thanks for clarifying. I also believe it's about time that the IoM and the Channel Islands stuck it to the British Government and stopped taking constant stick. I will watch with interest as things develop. Perhaps when we have a Tory government old loyalties will be renewed, where in the past Labour have done nothing but try to disrupt a perfectly satisfactory constitutional arrangement.

maybe but we would be better off with these

http://www.lpuk.org/

and this from above

By statute our Finance Minister is obliged to balance for a budget surplus – this is done

consistently; with no external borrowing, and rates of taxation which actually encourage private

enterprise and wealth creation

Edited by lowrentyieldmakessense(honest!)

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There's still some very unhappy savers on the Isle of Man. They could have benefited from a UK bailout.

The savers on the Isle of Man are being compensated. The money in the icelandic bank was stollen from the IoM by Gordon Brown and his Anti Terror laws.

From what I understand on the day the UK government seized the KSF assets there was over 20 billion pounds taken from the Island of Man branch which was on deposit in the UK branch.

The IoM has come to a settlement with depositors and thankfully has not had to borrow or print money to do so.

The treasury here is by statute obliged to balance a budget surplus. "By statute our Finance Minister is obliged to balance for a budget surplus – this is done consistently; with no external borrowing"

Savers being offered exceptional, above market returns should have been aware of the risk, in the IoM and UK.

Edited by anotherdatamoney

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whats the net worth needed

There isn't a specific number as far as I am aware.

Personally I came over with two million in cash and a business that makes around 750K a year. We were paid to move here, the government grants are fantastic.

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Good for the Manx. The last thing they need is UK government interference.

Lovely place, fiercely proud of its independence and individuality. It appears to have grown somewhat from my days of walking up and down Strand Street.

A well run government: having to run a budget surplus - who'd have thought that could work?

One of the Ministers who's done very well in politics, started off running a market stall. Got into politics because he

cared...

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I also believe it's about time that the IoM and the Channel Islands stuck it to the British Government and stopped taking constant stick.

The IoM pays the UK government for defense and diplomatic representation. If we stopped paying for defense who would let us be invaded?

UK, Ireland or the EU?

One of the local arguments is why pay for defense when if the island was attacked we would be defended by on of our neighbors because of our strategic possession. The UK would not let an Island a few miles off the coast be invaded, with or without the IoM paying for the privilege.

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The IoM pays the UK government for defense and diplomatic representation. If we stopped paying for defense who would let us be invaded?

UK, Ireland or the EU?

One of the local arguments is why pay for defense when if the island was attacked we would be defended by on of our neighbors because of our strategic possession. The UK would not let an Island a few miles off the coast be invaded, with or without the IoM paying for the privilege.

Don't be so sure. You want to ask a Channel Islander who lived through WWII what they reckon to your last post.

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Good for the Manx. The last thing they need is UK government interference.

Lovely place, fiercely proud of its independence and individuality. It appears to have grown somewhat from my days of walking up and down Strand Street.

A well run government: having to run a budget surplus - who'd have thought that could work?

One of the Ministers who's done very well in politics, started off running a market stall. Got into politics because he

cared...

Thankyou Good Sir.

I have only lived on the Island for six months but I cannot see myself moving back to the "Other Island"... ever...:rolleyes:

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The savers on the Isle of Man are being compensated. The money in the icelandic bank was stollen from the IoM by Gordon Brown and his Anti Terror laws.

From what I understand on the day the UK government seized the KSF assets there was over 20 billion pounds taken from the Island of Man branch which was on deposit in the UK branch.

The IoM has come to a settlement with depositors and thankfully has not had to borrow or print money to do so.

The treasury here is by statute obliged to balance a budget surplus. "By statute our Finance Minister is obliged to balance for a budget surplus �€“ this is done consistently; with no external borrowing"

Savers being offered exceptional, above market returns should have been aware of the risk, in the IoM and UK.

********.

The KSFIoM depositors are pretty pissed off with the IoM government. They did not provide immediate compensation like EU nations are required to.

In fact the IoM went to great lengths to try an prolong any sort of payment whatsoever with their SoA , which depositors rejected. Then the IoM stuck the bill for this for this subterfuge with the depositors.

>>The UK government seized the KSF assets there was over 20 billion pounds taken from the Island of Man branch which was on deposit in the UK branch.

Oh dear. First, its was £550Million which was deposited in the UK, at the insistence of the IoM regulator. This was 'invested' in loans etc. This was actually better than sending it to Iceland however, as that debt is balanced against the assets of the London Branch. There many be anywhere from 50-80% eventual payout (over 5 years or more) which is a hell of a lot better than if it had be sent to Iceland.

I think the UK should definitely reconsider its relation ship with IoM/Channel islands. Depositors in KSFIoM were not even aware IoM is not part of the UK, never mind the EU and as such not protected by any of its laws or protections.

You may as well invest in some God-forsaken island in the Pacific, but IoM should not be able to claim that they are British in any shape or form when it comes to banking.

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I walked down Strand Street today and the only shop I saw that was up to let was Woolworths.... God Bless the UK Companies..... ;)

Many fond memories from some good times on the island. Real community feel to it.

Population of just 60,000 back then now it's over 70,000, so a bit more crowded. Have they done anything with 'Summerland' yet?

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Peter Hun,

As it appears I am wrong I apologize.

But with regard to your statement "You may as well invest in some God-forsaken island in the Pacific, but IoM should not be able to claim that they are British in any shape or form when it comes to banking." Is that NOT the ignorance of foreign investors that is to blame.

After the collapse of KSF I helped out expats who were left high and dry because of the problems. They all felt the UK should have bailed them out and did not realize the IoM is independent.

Another case of not knowing the risks of off-shore banking and assuming the IoM was part of the UK. Ignorance is no excuse for loss.

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Many fond memories from some good times on the island. Real community feel to it.

Population of just 60,000 back then now it's over 70,000, so a bit more crowded. Have they done anything with 'Summerland' yet?

They are looking at a new development called "The Wave" at the end of Douglas promenade near Onchan. New cinema, fancy shops and a new casino.

Should be good if it ever comes to pass.

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Peter Hun,

As it appears I am wrong I apologize.

But with regard to your statement "You may as well invest in some God-forsaken island in the Pacific, but IoM should not be able to claim that they are British in any shape or form when it comes to banking." Is that NOT the ignorance of foreign investors that is to blame.

After the collapse of KSF I helped out expats who were left high and dry because of the problems. They all felt the UK should have bailed them out and did not realize the IoM is independent.

Another case of not knowing the risks of off-shore banking and assuming the IoM was part of the UK. Ignorance is no excuse for loss.

Why would anyone bank with anything named 'Kaupthing Singer and Friedlander', personally i would stick with a trusted name like HSBC.

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Peter Hun,

As it appears I am wrong I apologize.

But with regard to your statement "You may as well invest in some God-forsaken island in the Pacific, but IoM should not be able to claim that they are British in any shape or form when it comes to banking." Is that NOT the ignorance of foreign investors that is to blame.

After the collapse of KSF I helped out expats who were left high and dry because of the problems. They all felt the UK should have bailed them out and did not realize the IoM is independent.

Another case of not knowing the risks of off-shore banking and assuming the IoM was part of the UK. Ignorance is no excuse for loss.

What I can't figure out is why people thought that an Icelandic bank was a good place to put money at the time of possibly the biggest banking crisis in history. There is one case of a guy who put £500k into KSFIoM days before it collapsed - he seems pretty intelligent, yet he ignored years, months of dire warning about the state of Icelandic banks. Even the Times and Telegraph had articles a week before saying that they were doomed.

More money that sense seems and massive understatement .

But the treatment of the depositors has exposed that the IoM basically doesn't have a depositors protection scheme. It simply waits until the assets of the bank can be realised and pays the money back, much as a liquidator would do.

Edited by Peter Hun

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One of the local arguments is why pay for defense when if the island was attacked we would be defended by on of our neighbors because of our strategic possession. The UK would not let an Island a few miles off the coast be invaded, with or without the IoM paying for the privilege.

The UK could just nuke the island and problem solved for good.

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If the UK can take over the Isle of Man, then why not Canada, New Zealand, Australia? :lol:

Maybe the IoM could become the last refuge for the Little Englanders, after the UK has been split up and Balkanised along nationalist, religious and gang-turf lines.

Edited by blankster

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