Allinson asked about impact assessment of impending tariff rises
The Treasury Minister says businesses feel the economic outlook for them is 'bleak' amid rising costs and impending increases to electricity prices.
Dr Alex Allinson was questioned in the House of Keys today about what impact assessments have been undertaken for domestic and business customers ahead of tariff increases.
There were concerns raised by Douglas North MHK David Ashford that if consumers cut back on spending due to financial pressure that could have a wider impact on the economy.
Dr Allinson says consumer confidence is key but the business community is indicating that there's no real optimism right now that things will improve:
Spectators not allowed to view rest of TT 26 from the Parliament Square viewing area
Two people receiving 'specialist care' in the UK following Ramsey incident
Commissioner declares intention to stand in Arbory, Castletown and Malew
Rider arrested after travelling at 118mph in 50mph zone
