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Barclays shut down Sark interests | Barclays shut down Sark interests |
(20 minutes later) | |
The billionaire Barclay brothers are closing businesses in Sark, with the loss of about 100 jobs - a sixth of the Channel Island's population. | |
The jobs are in hotels, shops, estate agents, restaurants and building firms. | The jobs are in hotels, shops, estate agents, restaurants and building firms. |
Sir David and Sir Frederick want radical electoral reforms on Sark and object to the hereditary posts of seigneur and seneschal remaining. | Sir David and Sir Frederick want radical electoral reforms on Sark and object to the hereditary posts of seigneur and seneschal remaining. |
Sark's first election to choose a democratic government for nearly 450 years was held on Wednesday. | Sark's first election to choose a democratic government for nearly 450 years was held on Wednesday. |
Election recount | |
Preliminary results showed that not many of the pro-reform candidates had been successful and it looks like the recount will reveal the Chief Pleas will have a majority of elected representatives who do not want change. | Preliminary results showed that not many of the pro-reform candidates had been successful and it looks like the recount will reveal the Chief Pleas will have a majority of elected representatives who do not want change. |
A recount is currently under way because several candidates vying for the final seat came within just a few votes of each other. The results are expected later. | A recount is currently under way because several candidates vying for the final seat came within just a few votes of each other. The results are expected later. |
The people of Sark are reaping what they sowed... they only have themselves to blame Gordon Dawes, advocate for the Barclay twins | |
The seigneur is the head of the government, while the seneschal is Sark's chief judge and the president of the Chief Pleas. | The seigneur is the head of the government, while the seneschal is Sark's chief judge and the president of the Chief Pleas. |
Advocate Gordon Dawes, who represents the Barclays, said that he was not entirely surprised that some Barclay-owned interests had been closed down on Sark. | |
"The people of Sark are reaping what they sowed the day before," he said. | |
"They only have themselves to blame. They could have cooperated with Barclays Investment but they chose to obstruct it. | |
'No support' | |
"It was clear the Barclays were clear on their commitment to the island with support - they got no support at all. | |
"Sark doesn't appear to want or appreciate the Barclays' investment and so it doesn't have it. | |
"The island cannot at the same time treat the Barclay family in the way that it has and expect them to continue investing large sums of money into its economy." | |
According to Mr Dawes, the businesses that the Barclays have shut down are operations that would normally be closed over the winter. | |
"Sark is going back to where it was before the Barclay brothers were there," he added. | |
The 73-year-old twins, who own the Telegraph Group, have other interests in the Channel Islands - in 1993 they bought the neighbouring island of Brecqhou. |