On Air Manx Radio Breakfast Chris Pearson & Sian Cowper | 7:30am - 9:30am
Bruce Springsteen - Born To Run Download
Listen Live
On Demand
On Air Manx Radio Breakfast Chris Pearson & Sian Cowper | 7:30am - 9:30am
Bruce Springsteen - Born To Run Download

Laws needed to stop banks charging charities, says MHK

Monday, 7 March 2022 06:21

Tynwald asked to back calls for new legislation

Small charities on the Isle of Man could have to close down if new laws to prevent them being charged for banking aren't introduced.

That's the belief of Arbory, Castletown and Malew MHK Tim Glover, who will ask Tynwald to back plans to introduce new legislation blocking fees for not-for-profit organisation at next month's sitting.

It's after the Isle of Man Bank suspended plans to introduce charges for charities for a second time.

Mr Glover believes government and the banking sector have to work together:

Share

More from Isle of Man News