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Pearnel hurt by NHT 'raid'

Published:Thursday | May 16, 2013 | 10:43 AM

Monique Grange, Assistant News Editor – Radio

Opposition Parliamentarian, Pearnel Charles, has raised concern about the government’s decision to raid the National Housing Trust (NHT) for budgetary support.

Contributing to the Sectoral Debate in parliament yesterday he pointed out that about 70 per cent of NHT contributors are unable to access a mortgage from the Trust.

He lamented that the money to be taken from the NHT is not taxes due to the government but money employees have worked hard to contribute.

Charles said he’s hurt by what he has described as the confiscation of workers’ money.

He has urged the government to ensure that the money taken from the NHT is returned to contributors.

The drawdown of $45 billion from the NHT is to be done over a 4 year period.

The government has already amended the law to facilitate the withdrawal of funds from the Trust.


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