Beautiful Virgin Islands

Thursday, Nov 20, 2025

'Sign that document, borrow the money & lets get on with it'- Hon Vanterpool - accused Gov't of fooling the people over UK Loan Guarantee concerns

'Sign that document, borrow the money & lets get on with it'- Hon Vanterpool - accused Gov't of fooling the people over UK Loan Guarantee concerns

Even as Premier and Minister of Finance, Hon Andrew A. Fahie (R1) in a press conference yesterday afternoon, September 17, 2019, had called his trip to the UK a success on behalf of the territory, Opposition Member Mark H. Vanterpool (R4) is still pushing for the UK Loan Guarantee agreement to be signed as is, so that the territory can move forward with its rebuilding.

The Member for the Fourth District was at the time speaking at the Enis Adams Primary School in Meyers Estate, Tortola, last evening, September 17, 2019 when the series of Opposition meetings continued on the topic.



UK only trying to help - Hon Vanterpool


"We need to take this money and get on with it, we can't be going back and forth forever trying to determine what we think is best and how we can deal with it, we can't continue telling people about how people want to mortgage our future and our people... whatever that means," Hon Vanterpool told the small gathering at the primary school.

Ahead of his trip to the UK, Premier and Minister of Finance in an August 17, 2019, statement has said, “The issues that we face is whether we are prepared to mortgage our birthright in order for the British government to provide the guarantee needed for us to access this critically needed funding.”

However, according to Mr Vanterpool, "I believe that the United Kingdon Government is trying to help us to rebuild our country... I wish, I really wish you will get on with it!" he lashed out in an indirect reference to Premier and Minister of Finance, Hon Fahie.

Premier Fahie yesterday indicated that the UK has agreed to address the issues, including concerns of borrowing ratios.



Gov't fooling people - Hon Vanterpool


Further, noting to the territory has enough skills to get on with its rebuilding, Hon Vanterpool charged, "To be fooling the people out there that the money is going to go somewhere else, come on... let's be fair."

Other Opposition members, including Hon Alvera Maduro-Caines, have expressed concern over the Recovery and Development Agency (RDA) and its exclusion of locals; however, Hon Vanterpool said the United Kingdom has set up a system that he believes can be used to develop the territory using suggestions from Virgin Islanders.

"I just want to implore the government, to lets quickly get on with what we have to do and really sign that document, borrow that money and let get on with it."

He said his intention is not to fuss and fight, rather, to do what is best for the territory.



'Fools rush in where angels fear to tread'- Hon Fahie


Meanwhile, speaking at the press conference yesterday, Hon Fahie reiterated that this special loan guarantee being offered by the Government of the UK is an opportunity for the VI to get cheaper lending rates for any loans sought for the recovery; however, while this is noteworthy, some of the conditions come with a high price down the road, and therefore required renegotiation.

"Some of the loudest voices, who suddenly have all the answers today, did not consider these issues when they were in the seat negotiating on this very same matter.

"They were at the centre of the unfortunate circumstances that led to the very stringent conditions being imposed on the BVI between 2012 and 2017, and beyond. They are not owning up to that. Instead they are pretending to be innocent as if they were nowhere around and have just landed white as snow."

According to Hon Fahie, they are demanding that this new government provide them with information on the very terms and conditions that they negotiated, alleging that the current government is hiding information when the fact remains that certain information was not as readily available in the Ministries as they ought to have been.

He added that some of these missing documents were only obtained after the UK government included them as attachments in their responses to his Administration's letters of concern.

"Ladies and gentlemen, it is said that fools rush in where angels fear to tread. And the facts and hindsight prove that your Government was right not to bow to the pressure from those quarters to rush in.

"We were right to take a pause, to consult with you the people, to listen to our instincts, to meet with the officials of HM Treasury, the FCO and the Overseas Territories Minister, to ventilate our concerns and to ask for the conditions to be renegotiated in the best interest of the people of the Virgin Islands – as we have successfully done on this trip, to obtain maximum protection for the interests of the people of the BVI," Premier Fahie declared.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Caribbean Reparations Commission Seeks ‘Mutually Beneficial’ Justice from UK
EU Insists UK Must Contribute Financially for Access to Electricity Market and Broader Ties
UK to Outlaw Live-Event Ticket Resales Above Face Value
President Donald Trump Hosts Saudi Crown Prince Mohammed bin Salman at White House to Seal Major Defence and Investment Deals
German Entertainment Icons Alice and Ellen Kessler Die Together at Age 89
UK Unveils Sweeping Asylum Reforms with 20-Year Settlement Wait and Conditional Status
UK Orders Twitter Hacker to Repay £4.1 Million Following 2020 High-Profile Breach
Popeyes UK Eyes Century Mark as Fried-Chicken Chain Accelerates Roll-out
Two-thirds of UK nurses report working while unwell amid staffing crisis
Britain to Reform Human-Rights Laws in Sweeping Asylum Policy Overhaul
Nearly Half of Job Losses Under Labour Government Affect UK Youth
UK Chancellor Reeves Eyes High-Value Home Levy in Budget to Raise Tens of Billions
UK Urges Poland to Choose Swedish Submarines in Multi-Billion € Defence Bid
US Border Czar Tom Homan Declares UK No Longer a ‘Friend’ Amid Intelligence Rift
UK Announces Reversal of Income Tax Hike Plans Ahead of Budget
Starmer Faces Mounting Turmoil as Leaked Briefings Ignite Leadership Plot Rumours
UK Commentator Sami Hamdi Returns Home After US Visa Revocation and Detention
UK Eyes Denmark-Style Asylum Rules in Major Migration Shift
UK Signals Intelligence Freeze Amid US Maritime Drug-Strike Campaign
TikTok Awards UK & Ireland 2025 Celebrates Top Creators Including Max Klymenko as Creator of the Year
UK Growth Nearly Stalls at 0.1% in Q3 as Cyberattack Halts Car Production
Apple Denied Permission to Appeal UK App Store Ruling, Faces Over £1bn Liability
UK Chooses Wylfa for First Small Modular Reactors, Drawing Sharp U.S. Objection
Starmer Faces Growing Labour Backlash as Briefing Sparks Authority Crisis
Reform UK Withdraws from BBC Documentary Amid Legal Storm Over Trump Speech Edit
UK Prime Minister Attempts to Reassert Authority Amid Internal Labour Leadership Drama
UK Upholds Firm Rules on Stablecoins to Shield Financial System
Brussels Divided as UK-EU Reset Stalls Over Budget Access
Prince Harry’s Remembrance Day Essay Expresses Strong Regret at Leaving Britain
UK Unemployment Hits 5% as Wage Growth Slows, Paving Way for Bank of England Rate Cut
Starmer Warns of Resurgent Racism in UK Politics as He Vows Child-Poverty Reforms
UK Grocery Inflation Slows to 4.7% as Supermarkets Launch Pre-Christmas Promotions
UK Government Backs the BBC amid Editing Scandal and Trump Threat of Legal Action
UK Assessment Mis-Estimated Fallout From Palestine Action Ban, Records Reveal
UK Halts Intelligence Sharing with US Amid Lethal Boat-Strike Concerns
King Charles III Leads Britain in Remembrance Sunday Tribute to War Dead
UK Retail Sales Growth Slows as Households Hold Back Ahead of Black Friday and Budget
Shell Pulls Out of Two UK Floating Wind Projects Amid Renewables Retreat
Viagogo Hit With £15 Million Tax Bill After HMRC Transfer-Pricing Inquiry
Jaguar Land Rover Cyberattack Pinches UK GDP, Bank of England Says
UK and Germany Sound Alarm on Russian-Satellite Threat to Critical Infrastructure
Former Prince Andrew Faces U.S. Congressional Request for Testimony Amid Brexit of Royal Title
BBC Director-General Tim Davie and News CEO Deborah Turness Resign Amid Editing Controversy
Tom Cruise Arrives by Helicopter at UK Scientology Fundraiser Amid Local Protests
Prince Andrew and Sarah Ferguson Face Fresh UK Probes Amid Royal Fallout
Mothers Link Teen Suicides to AI Chatbots in Growing Legal Battle
UK Government to Mirror Denmark’s Tough Immigration Framework in Major Policy Shift
UK Government Turns to Denmark-Style Immigration Reforms to Overhaul Border Rules
UK Chancellor Warned Against Cutting Insulation Funding as Budget Looms
UK Tenant Complaints Hit Record Levels as Rental Sector Faces Mounting Pressure
×