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Surplus but no savior in PNP Administration for BAFSL

Providenciales, 08 Apr 2015 – More could have been done to save British Atlantic Financial Services Ltd, and Member for Wheeland, Delroy Williams charged in the House of Assembly that the PNP Administration is not a caring government as it refused to save BAFSL despite having a fat surplus. “Only to have this Government, Mr. Speaker, stand on the side and watch the company fail. If this was a caring government they would have given that insurance company a bail out, or loan or some sort of bail out.”

Thousands of policy holders were expecting Government to help after the Premier’s promise to do so. Magnetic Media had learned that there was never that meeting by Hon Rufus Ewing with the Opposition to flesh out what could be done to save the decades’ old company. Hon Williams called it a shame.

“Mr. Speaker some people can’t even get new insurance due to their age and failing, this government sat on the side and did nothing. Government talks about surplus, what is the use of having surplus when you are not helping your people.”

The comments came during Budget Communication in the last sitting of the House of Assembly.

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