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Enterprise minister throws Mutual Society a lifeline

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William Crawley | 18:03 UK time, Friday, 14 November 2008

More on the Presbyterian Mutual Society story. The Northern Ireland has announced a plan to offer assistance to the society. Urgent legislation has now been passed which permits the society either to go into administration or form a company voluntary arrangement. Administration will buy the society time to organise its business and avoid an immediate 'fire sale' to realise the society's assets. This intervention does not guarantee the society's funds, but it does give the society an administrative option it did not previously have. We'll be analysing the full implications of this move on Sunday morning's programme.

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³ÉÈË¿ìÊÖ Northern Ireland presenter William Crawley discusses the often controversial political, religious and ethical issues of the day.

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