MLC says Island's financial position 'isn't all doom and gloom'
An MLC says the Isle of Man's economy is showing 'extraordinary resilience' in response to the cost of living crisis.
Bill Henderson, who's a political member for Treasury, insists the Island is in a strong position, despite the impact of rising prices and inflationary pressure.
At the end of March, the Island's inflation rate stood at 9.1%.
Mr Henderson says it's not all bad news for the Island:
Government plans to withdraw interest from reserve fund no longer required
Higher than expected income tax receipts mean it's not necessary
Medical cannabis should be 'holistic', says pharmacistÂ
Drug has 'useful benefits' but isn't 'the be-all and end-all'
Peel Commissioners not adding 'discretionary' one percent increase to social housing rents
It reviewed rent arrear levels and 'escalating' food costs when making the decision
New organ donation laws set to come into force in coming weeks
It follows Tynwald approval of new measures earlier this year
