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IoM could face more competition from UK post-Brexit

Paul Cawley of KPMG

VAT expert says Britain is aiming to be more attractive to services industry

The Isle of Man could face increased competition from the UK in sectors like finance and insurance.

That's according to a VAT and Customs expert following the end of the Brexit transition period.

The UK agreed a trade deal with the European Union on Christmas Eve, just a week before the end of the transition period.

Paul Cawley of KPMG believes Britain could look to make regulatory changes to make itself a more attractive jurisdiction to the services industry:

Mr Cawley discussed more details about the impact of the deal on the Isle of Man with Manx Radio's Sian Cowper. You can hear the full interview below: