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Coming year 'crucial' for deciding Island's direction

MHK reiterates comments about Island's reserves

A Douglas North MHK says he 'stands by' comments he made warning of a potential financial crisis.

Speaking on Tynwald Hill, David Ashford thinks the coming year will be 'crucial' for the Island and be a deciding factor in its direction of travel.

This years Budget saw Treasury Minister Alex Allinson announce significant use of the Islands reserves - something he insists is necessary to prevent austerity.

Mr Ashford is optimistic nonetheless:

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