Wage rises which reflected the proposed 7.1 per cent increase in the minimum wage would be disastrous.
That's the warning from the Treasury Minister, after a DTI recommendation that the figure should be raised to £6 an hour. Tynwald will decide on whether it will go through at next week's sitting.
At the Chamber of Commerce Annual General Meeting and Lunch Allan Bell (pictured) said the government could not afford to follow suit:
Mooir Vannin means more opportunities for Isle of Man businesses
This is a paid for promotion on behalf of Ørsted
Mineral deposits 'worth exploring but possibly not large enough for commercial success'
Geologist discusses opportunities on the Isle of Man
Ramsey software company wins UK award
Surecode Software honoured in Best Use of Technology category
Plans to replace barn destroyed in fire given the go-ahead
Business has relied on temporary buildings since the blaze in January 2023
