Cayman Islands Premier Backs Down in Dispute with Britain

Cayman Islands Premier McKeeva Bush

Cayman Islands Premier McKeeva Bush has yielded to British demands in relation to a financial management agreement known as the Framework for Fiscal Responsibility (FFR).

He also abandoned an agreement with China Harbour Engineering Company (CHEC) for the construction of new cruise ship berthing facilities in George Town.

Bush planned to press ahead with legislation enacting the FFR in terms different from those previously agreed with Britain.

However, on Tuesday November 6th, Bush said that the FFR Bill will now be taken to the Legislative Assembly as originally prescribed by Britain.

Bush said God help us all if it proves to have the negative consequences that some experts have warned are likely.

© 2012 SAT Telecommunications Ltd.

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