Former Prime Minister Owen Arthur has been blasted for his Budget comments criticising Government’s savings bonds.
The tongue-lashing has come from Minister of Finance Chris Sinckler who told the SATURDAY SUN yesterday that the issue of $70 million in Government savings bonds over the past three weeks which had been snapped up by the public represented some of the safest investment instruments on the island.
Arthur, in his contribution to the 2015 Financial Statement and Budgetary Proposals this week, said just as the American surgeon general issues a warning about cigarette smoking, Government ought to issue a warning to investors that the savings bonds were bad for their financial health.
Please read the full story in today’s Saturday Sun, or in the eNATION edition.
