Inflation hit 9 per cent this week
A Manx economist has warned of rising inequality, as the cost of living soars.
Inflation rates rose to 9 per cent, here and in the UK.
The big increase on the Island has been put down partly to higher air fares, coinciding with the return of the TT, while petrol and oil are up over 30 per cent.
'The poor have become steadily poorer.'
Rebecca Cretney is a chartered wealth manager and investment counsellor at Nedbank: