In its comment on the budget, Conister Bank plc says the rise in VAT provides a real incentive for small and medium-sized businesses in the Isle of Man to bring forward the purchase of critical assets such as plant and machinery, IT and vehicles before the rate goes up in January next year.
Dan Walker put it to Conister's head of sales and marketing Simon Ripton there are pros and cons:
Long-running Island garage closing in April
Haydn Minay Ltd founded in 1972
Media Isle of Man's parent company sold to joint venture
Tindle Newspapers acquired by Iliffe Media Group Ltd and the Fowler family
Price of oil and fuel on Island expected to rise 'significantly'
Supplies are said to be 'stable'
More than £16,000 raised for Island cancer charity
KPMG has been raising money for the Manx Breast Cancer Support Group
