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Welcome to the St Helena Online web site. Our portal covers all key links, news, and general exchanges about the Island of St Helena. Updates to this site are ongoing.We wish you a pleasant visit. |
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 | UK Tells Overseas Territories To Improve Financial Regulatory Standards |
Limited capacity in Territories
May 5, 2008 -- The United Kingdom retains responsibility for 14 Overseas Territories, 11 of which are permanently populated and which choose to remain under British sovereignty rather than to become independent states. The Territories are a diverse group, including Bermuda, home to 65,000 people and a major financial centre, and St. Helena, one of the most isolated populated islands in the world and reliant on UK aid.
While the Territories are a UK-wide responsibility, the Foreign and Commonwealth Office ("the Department") is the lead Department for coordinating UK Government policy for the Territories. The Department for International Development (DFID) coordinates development assistance, focusing on the three Territories of Montserrat, St. Helena and Pitcairn.
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 Posted by Master on Wednesday, May 07 @ 15:51:04 BST  (35 reads)
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 | EXCO REPORT 22nd April 2008 |
 This was my tenth EXCO meeting and was by far the longest, lasting from 9.30am until 2 pm. The reason for that was the substantial nature of much of the business. Councillor Reid deputised for Councillor Drabble who is representing us abroad. There were no members of the public present and so the open part and the closed part of the meeting consisted of only the members and officials.
The first paper covered an interesting and controversial topic. It was designed to begin discussion on the possibility of some kind of Price Commission. Councillors always find discussion of the cost of fuel, electricity, the RMS, Cable & Wireless and such like, very difficult. On the one hand nobody wishes to approve any increase in cost of goods and services to the electorate, on the other hand there is a responsibility to balance the budget and provide a thriving economy where the vulnerable can receive protection and care. I have witnessed this dilemma a number of times over the past few months, and it seems that some kind of independent body, that makes clear recommendations, or even decisions, on some of these issues, could be a sensible way forward. Garth Armstrong, who was advising us on our economy recently, prepared a very useful paper on the topic of Fuel Pricing and the possibility of setting up this kind of Authority.
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 Posted by Master on Friday, April 25 @ 09:50:55 BST  (65 reads)
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