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FTC told to cut budget


LISA KING, [email protected]

FTC told to cut budget

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THE FAIR TRADING Commission (FTC) has been asked to cut its budget by ten per cent, said chairman Jeff Cumberbatch.

Cumberbatch, who leads the statutory organisation, which is the regulator for tariffs and service standards locally, has worked recently on several projects including the denial of the Barbados Light And Power Company (BL&P) application for fuel hedging. It also prepared a preliminary report on the SOL purchase of the Barbados National Terminal Company Limited.

Cumberbatch, who spoke to the media yesterday, following the opening ceremony of a workshop on Tariff Setting and Power Purchase Agreements at the Cedar Court, Wildey, St Michael office, said he received a message via WhatsApp that stated they had been asked to cut budget by ten per cent consistent with all statutory bodies.

“But we have to discuss that in-house before offering suggestions on where they are moving,” he said. (LK)

Please read the full story in today’s Daily Nation, or in the eNATION edition.

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