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Budget shores-up IOM competitiveness

PwC analyst weighs Cannan's measures

Alf Cannan's first Manx Budget won unanimous political approval in Tynwald yesterday (21 Feb).

Headline-grabbing measures such as the £2,000 rise in pre-tax personal allowance, will offer some extra financial margin to more than 40,000 residents.

Island accountancy firms meanwhile are looking at how the Treasury minister's detailed financial manoevres will affect their business and private clients.

Tax partner at 'big four' accountancy firm PwC Kevin Cowley is a seasoned analyst of the fiscal and political aims of Manx budgets.

He outlined the impact of the 2017 budget on the Island's competitiveness:   

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