crop.jpg)
Ongoing discussions with the United Kingdom Government over the Island's VAT deal do not represent a change in policy.
So says Economic Development Minister Allan Bell, after a question about the revenue sharing agreement was asked in the House of Commons.
The agreement was revised last year, resulting in a loss of £85 million in revenue this financial year and up to £140 million next year.
However, Mr Bell is dismissing suggestions the current talks could see a further reduction in the Island's share of the revenue pool:
Hospitality bosses to attend 'call to arms' meeting
Rate of inflation falls to 3.2%
Business will suffer 'significant' loss during the TT
TT merchandise provider makes upfront payment for contract
Hunt for new Steam Packet non-executives
Public disappointment after decision to sell ex-Newson's buildings
