Hi °C | Lo °C Northern Ireland’s Enterprise Minister Arlene Foster has met with the Chancellor of the Exchequer to discuss the ongoing situation of the Presbyterian Mutual Society.
Mrs Foster said yesterday’s meeting at No 11 Downing Street had been “very useful” and that the Treasury was considering a number of ways in which the crisis could be resolved.
A working group was set up last month to try and develop a resolution to the situation, which has seen thousands of investors facing the loss of their savings.
Mrs Foster said: “Once again we used this meeting to reinforce the importance of getting this matter resolved as there are 9,500 savers involved, but the effects of the crisis are much more widespread as many of the savers were planning to use this money for their children and grandchildren.
“Whilst there is no legal obligation on the Prime Minister to act, I am impressed that he has recognised there is a moral obligation to assist people in Northern Ireland who have seen the Northern Rock and the Dunfermline Building Society savers protected.”
