Kootenay East’s MLA feels the NDP are using the BC Liberals as a “scapegoat” for ICBC’s operating losses.
This after Attorney General David Eby called the insurance provider’s current situation a “financial dumpster fire,” saying the previous Liberal government is at fault.
The insurance company announced last week they expect 1.3 billion dollars in net losses this fiscal year.
Tom Shypitka says he’s not surprised his party is being blamed.
“What’s really happening is they are tabling a budget right now, they’ve made a lot of promises to British Columbians and they’ve also promised a balanced budget,” Shypitka says. “Now they are seeing that all of their promises they have in place, they are not going to be able to balance that budget and now they are going to use this as a blame game on the BC Liberals why they can’t do that.”
Shypitka says his party informed the New Democrats about the Crown corporations’ financial situation through a report last January.
“These issues were pretty transparent when they came into government and there were a lot of things that they could have done,” Shypitka says. “There were recommendations in the report on those issues that we were going to implement if we were in government and they chose to ignore it.”
The Attorney General says there are no short-term fixes to get ICBC under control.
He says drivers in BC could face a 400-dollar rate hike for the public insurer to break even if no action is taken.
Eby says reforms are expected during the Spring legislative session.
– Kootenay East MLA, Tom Shypitka