Credit Extension

Tesco Bank has agreed a six month extension to its previously announced decision to close credit card accounts for those living on the island.

It said this follows constructive discussions with the Department for Enterprise and means credit card accounts will now close on November 3 2022, instead of May 3 2022 as originally planned.

A Tesco Bank spokesperson commented: ‘We acknowledge that the decision to close credit card accounts has disappointed our customers on the Isle of Man, and we are aware of the broader personal banking challenges faced by islanders in recent years.  Following discussions with the Department for Enterprise we have agreed to extend the date of closure by 6 months for credit card customers. This will give customers and the Isle of Man authorities more time to secure suitable alternatives.

‘Tesco Bank is a UK bank, and this means many of our products, including credit cards, can only be acquired by those living within the UK.  Our decision to close credit card accounts on the Isle of Man is part of a consistent approach we have taken to close the accounts of any customer who does not currently live in the UK.’

Keys

Chief Minister Alf Cannan will this morning make a statement to the House of Keys about Ukraine. We have no further details on what Mr Cannan intends to say, however Paul Speller will have an update for our readers shortly after. This statement will be before the usual questions. The sitting starts at 10am.

Football Bans Russia

Russian football clubs and national teams have been suspended from all competitions by Fifa and Uefa after the country’s invasion of Ukraine. The world and European football governing bodies said they would be banned ‘until further notice’.

It means the Russian men’s team will not play their World Cup play-off matches next month and the women’s team have been banned from this summer’s Euro 2022 competition. Spartak Moscow have also been kicked out of the Europa League and their last-16 opponents RB Leipzig will advance to the quarter-finals. Uefa has also ended its sponsorship with Russian energy giant Gazprom.

Shetland’s Space Programme

Construction of a spaceport in the far north of the UK could finally get under way next month after planning permission was granted. Shetland Islands Council says work to prepare the Saxavord Spaceport can proceed provided Scottish ministers don’t call the project in for review. Three rocket pads would be built at the Lamba Ness peninsula in Unst. The hope is the first launch of what’s likely to be a meteorological satellite could occur before the year’s end.