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'Imported inflation' and the problems it brings could be with us for up to three years.
Treasury Minister Allan Bell (pictured) says what support can be offered on the Island has already been flagged up, and admits it may be a case of 'gritting our teeth' in the face of steadily rising costs.
Inflation currently stands at 5.6% and is being driven by global fuel prices:
King Gaming's license suspended amidst criminal investigation
Gambling Supervision Commission publishes statement
Ministers to meet with LVA to discuss hospitality concerns
Comes after concerns raised about the issues facing the industry
Looneys of Ramsey to close
Number of factors behind the decision
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
Villiers Square development plans approved
Two buildings proposed for the site
Developer offers Newson's building to government 'free of charge'
But government minister thinks it wouldn't be appropriate to accept
