sample 1.

sample 1.

Author: London Team

A GOOD START, BUT NOW MORE ANSWERS ARE REQUIRED
 
We would like to thank the Committee for taking the opportunity, last week, to put a selection of questions from people whose money lies in limbo with KSFIOM to Alistair Darling, Lord Turner and Mervyn King. Although it was interesting to hear their response, clearly there was a lot that remains unanswered and we would be grateful if you could let us know how you intend to pursue this matter further.
A BBC Radio interview clearly showed that you were as shocked as we were by Alistair Darlings robust defence of his decision not to support UK citizens caught up in this particular crisis, going so far as to say that the "Isle of Man was a tax haven in the middle of the Irish Sea." We also appreciate that you agree with our sentiments  as shown in your comment that this stance does not "do justice to the whole situation, people for genuine reasons had to put that money into the Isle of Man that and further cases will be further examined by us..."
As you do this, please bear in mind the thousands of UK citizens caught up in this predicament, very normal, hard working people who are currently living on the edge, waiting to hear whether their futures are going to be as bleak as the UK Government would have us believe:
Remember Dawn, who lives in Southampton and is recently divorced after 21 years of marriage and lives with her 17 year old daughter. Now retired, due to a back injury, following 33 years as a NHS Registered Nurse, her savings represent the sale of her house post-divorce (£91,500). She thought long and hard about what to do before depositing with KSFIOM. She believed the money would be safe and give her time to make the next move. Now everything is potentially gone. Dawn is now homeless and living temporarily with her sister-in-law - she has an appointment with the council to be rehoused. Dawn has stands to lose everything and is likely to have to live out her remaining years dependent on the state.
Remember Simon, who is 40 and lives in the Midlands. He owns a small business with nine employees. After much thought he remortgaged his house to help finance business expansion and deposited this together with his lifetime savings with KSFIOM. He now has a large mortgage to repay but no funds to show for it and a business that, although successful to date, now finds itself devoid of investment capital. His choice of KSFIOM was based simply on the interest rate they were providing and not because of its location in the IoM. He also understood they had no exposure to 'sub prime loans' so gained some comfort from that. The future now looks fairly bleak - the survival of the business rests on the return of these funds, as do the livelihoods of Simon and families of the nine employees.

It is, at best, disappointing to watch the UK Government continually attempt to portray KSFIOM depositors as wealthy individuals who have used the IoM as a tax haven and to smear the reputations of hard working individuals to suit their own ends. These continued statements from those elected to represent us are fundamentally untrue for the majority and it does this Government no justice to stoop to such tactics. This debacle has had a very real financial and emotional impact on many UK residents, UK citizens and UK tax payers. 


PLEASE HELP THE UK & IOM AUTHORITES FIND A SPEEDY RESOLUTION TO THIS MATTER THAT GIVES UK CITIZENS THEIR HARD EARNED MONEY BACK.

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