The Isle of Man business community is keeping a close watch on the government, to see how it reacts to the £75 million reduction in VAT revenue, confirmed by Treasury Minister Anne Craine in Tynwald today (Tuesday).
The government provides considerable financial support to companies and industries on the Island, and they will be concerned that the present level of funding can be maintained.
Jason Roberts looks at the implications with chairman of the Association of Corporate Service Providers Phillip Dearden:
Island to host Inter-Celtic Business Forum
Post Office reports stronger profits but warns of major changes
Food wholesaler to close after 55 years
Manx Radio reports financial loss amidst ‘continued market uncertainty’
