Barbados Bankers’ Association the New Third Party?
Submitted by Caswell Franklyn, General Secretary, Unity Workers Union
It is no secret that I believe that the present DLP administration is bad for Barbados. Now it appears that this view is shared by the Barbados Bankers’ Association (BBA). They have announced that due to a “lack of clarity” on the process involved in the issuance of tax clearance certificates by the Barbados Revenue Authority (BRA), banks had to suspend real estate transactions. As a result, banks have suspended approximately $221 million worth of real estate related transactions.
I could be wrong but I don’t believe so; to my mind, that announcement is double speak to say that the Government is bad for business and they are prepared to take short term losses to help rid the country of this DLP administration.
I firmly believe that the announcement is a calculated move to influence political change. When the banks put pressure on potential borrowers and blame their actions on the BRA, those borrowers would become angry with the Government. People who could not get loans would not be happy with the DLP and come voting time that anger would be reflected in the results.
Even though I believe that the BBA and I share the view that the DLP is bad for business, I deplore the method adopted by them. They should be patriotically urging taxpayers to pay their fair share of the tax burden that is being heaped upon the people of this country.
I would advise the Barbados Bankers’ Association to stay away from involvement in politics on the sly and be honest enough to declare their hand.