Minister Alex Allinson responds to Jeremy Hunt's fiscal plan
The Isle of Man's treasury minister has ruled out cutting national insurance here, as the UK reduces the tax by 2 pence.
It's estimated that it'll cost the government there £10 billion, but the Chancellor wants to scrap NI altogether, saying it's a double tax on work.
Minister Alex Allinson believes what Westminster has set out is 'very much an election budget,' but admits Tynwald must ensure it remains 'competitive' in comparison.
Speaking on Manx Radio Breakfast, he was asked why the Island publishes its financial plans ahead of the UK:
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