Chief minister provides an update in urgent statement in Tynwald
The chief minister has confirmed government is now proposing a 5 percent increase to the Island's minimum wage in April.
Tynwald previously approved a 9.9 percent rise, resulting in concern from the business community.
Alfred Cannan sacked Treasury Minister Alex Allinson yesterday, with new Treasury Minister Chris Thomas confirming a slower approach to minimum wage was his priority.
In an urgent statement in Tynwald this morning, Mr Cannan reiterated that personal allowance changes are also on the way:
Leadership, loyalty and the economy: What we learned from the CM's urgent statement
Yellow warning for coastal overtopping in place
MHK asks whether chief minister will resign if new approach lacks support
Tynwald: Chief minister delivers urgent statement
