Local reaction to UK Budget
The Manx government will need to keep a watching brief, after Wednesday's UK Budget threw the spotlight on the self-employed.
That is the view of a tax partner at a local accountancy firm.
From next month, higher-paid self-employed people in the UK will face a hike in their National Insurance contributions.
Labour leader Jeremy Corbyn says the measure is ‘entirely out of touch’ with working people.
Kevin Cowley from PwC believes the rising NI payments could have an impact locally in the long term:
Slight increase in number registered unemployed
More communication needed between government and small businesses
Business owners calling for 'wider conversation' around VAT threshold
How could the Mooir Vannin Offshore Wind Farm create long-term economic benefits for the Isle of Man?
